Dr. Franz Bernhard Herding




Dr Franz Bernhard Herding is a German Rechtsanwalt, partner in Allen & Overy LLP's finance practice and co-head of the German restructuring group.

Special interests

Dr. Franz Bernhard Herding’s practice focuses on restructurings and insolvency law; in addition, he advises on many aspects of banking and finance law, for instance on sophisticated acquisition, corporate or borrowing base financings. As an acknowledged expert in the fields of financing and restructuring, Franz Bernhard has been advising corporates, lenders or investors for many years in refinancing and crisis situations and on the preparation, negotiation and implementation of complex and international restructuring concepts, for instance by way of an out-of-court "consensual" restructuring or debtor-in-possession (Eigenverwaltung) or other court proceedings. He regularly represents creditors in large corporate insolvencies and protects his clients' interests in creditors' committees.

Dr. Herding lectures, for instance at Bucerius Law School, and regularly speaks and publishes on finance and insolvency law issues. His current focus includes the restructuring of Schuldschein loans, the preventive restructuring framework (StaRUG), the issues of application and recognition in connection with Dutch schemes and UK restructuring plans, but also private debt and direct lending in distressed situations.


First State Exam, University Münster, 2001; Second State Exam, Münster 2005; admitted to the German Bar in 2005; Dr. iur., Westfälische Wilhelms University of Münster 2004. 

Date joined Allen & Overy LLP: 2005, Associate, Allen & Overy LLP, Frankfurt, 2005 – 2013; Partner, Allen & Overy LLP since 2013; before joining Allen & Overy LLP, he worked as Research assistant of Prof. Dr. Timm, 2001 - 2003 (Institut für Deutsches und Europäisches Unternehmensrecht, Münster)


  • Herding/Kranz (2021), ZRI 2021, 123 ff, "Dutch Scheme und UK Restructuring Plan - Wie gut sind die neuen Sanierungstools"
  • Herding (2020), Theiselmann, Praxishandbuch des Restrukturierungsrechts, 4. Aufl. 2020, 3. Abschnitt Restrukturierung in der Liquidiätskrise, Kap 10 "Überbrückungskredite und Sanierungskredite"
  • Herding/Kranz (2017), Europäische Insolvenzverordnung im Überblick, in Platow Newsletter 28. June 2017, p 8
  • Dr. Franz Bernhard Herding (2017) "Konsensuale Restrukturierung als Königsweg aus der Krise" - chapter in "Krise und Sanierung von Projektfinanzierungen", Walter de Gruyter GmbH, Berlin/Boston
  • Herding, Franz Bernhard (2013) "Germany is on the move: the new German insolvency law survives its first test", article in Corporate Rescue and Insolvency
  • Herding F.B. (2005) "Soziale Sicherungssysteme und der Missbrauch einer marktbeherrschenden Stellung iSd. Art. 82, 86 EG - Eine Untersuchung am Beispiel der (tarifvertraglichen) Betriebsrenteneinrichtungen in Deutschland", Berlin


Restructuring & Insolvency: How to navigate companies in a financial crisis