Former Shearman’s Tax Partner, Dr Gottfried E. Breuninger, to open A&O’s new Munich office
Allen & Overy LLP announced today it will open a new office in Munich in October 2008. With its existing offices in Düsseldorf, Frankfurt am Main, Hamburg and Mannheim, Allen & Overy will be represented in five of Germany’s key economic centres. The new office will be developed by tax partner Dr Gottfried E. Breuninger and M&A partner Dr Astrid Krüger, who will join Allen & Overy.
“The addition of a Munich office significantly bolsters Allen & Overy’s presence in Germany”, comments Dr Cornelius Fischer-Zernin, Senior Partner at Allen & Overy Germany. “The Bavarian state capital is one of the most important locations in the German legal market and is also one of the major European economic centres. A presence on the ground in Munich will enable us to provide an even better service to our clients in the region. Gottfried Breuninger and Astrid Krüger enjoy an excellent reputation in Munich and beyond. They form a great start-up team, which I am convinced will prove a real asset to our practice in Germany.”
Dr Gottfried E. Breuninger specialises in national and international corporate tax law, with a particular focus on M&A transactions and post-acquisition structures, tax-driven restructurings and the tax structuring of hybrid and cross-border financings. Before joining Allen & Overy, he headed the Munich office of Shearman & Sterling for more than three years. Furthermore, he became head of German tax at Shearman & Sterling in 2002 and co-head of their global tax group last year.
Dr Astrid Krüger also joins Allen & Overy from Shearman’s Munich office, where she has been a partner since 2006. She specialises in national and cross-border M&A transactions, as well as in corporate restructurings and in the implementation of tax structurings.
“Astrid Krüger perfectly complements our existing M&A practice. By winning her for our team, we have clearly demonstrated both to our clients and our competitors that we are committed to continuing to pursue our strategy of expanding our corporate/M&A practice”, says partner Dr Helge Schäfer, head of Allen & Overy’s corporate practice in Germany.
Partner Eugen Bogenschütz, head of Allen & Overy’s German tax practice, adds: “I am very pleased that Gottfried Breuninger has decided to join our team. The arrival of one of the leading German tax-law experts presents a unique opportunity for us to strengthen our international tax practice.”
Last year Allen & Overy increased its presence in Germany with the addition of two new offices in Düsseldorf and Mannheim. Cornelius Fischer-Zernin adds: “The integration of our Düsseldorf and Mannheim teams into our German practice and our international network has been extremely successful. I am convinced that the integration of the Munich office will be just as smooth.”