Following the completion of his studies, legal clerkship and employment as an Assistant Lecturer at Johann Wolfgang Goethe University in Frankfurt, Mr. Hermann accepted a position as an attorney for a large international law firm.  In 1979 he entered into a high-ranking civil service position at the Fiscal Authority Office (Finanzverwaltung) where he completed training at the German Federal Finance Academy (Bundesfinanzakademie).

 

As an attorney, certified public account and tax counselor, Mr. Hermann intensely deals with refinancing, restructuring and liquidation of companies and corporate groups. In 1986 already he is  appointed as an Insolvency Administrator. Ottmar Hermann has comprehensive experience in Insolvency Proceeding settlement matters of all sizes, particularly in the continuation of medium-sized companies.

 

The careful, precise preparation and the prompt execution of the insolvency proceeding is part of his essential tasks. His maxim is highest reliability, transparency and a clear concept for resolving complex corporate challenges and problems under bankruptcy law. This is a function with a high degree of responsibility, requiring a multitude of professional and personal competency.

 

By virtue of his many years of professional experience, Mr. Hermann enjoys the confidence of numerous clients from all types of business and banking areas.  In particular, he is valued as a most competent advisor in complex reorganization consultations.

 

German and international Tax Law is another additional element within the fields of activity of Mr. Hermann’s Commercial Law practice.  In this matter he is involved with the auditing and preparation of annual financial statements and provides commercial and general fiscal advice.  He already has  represented many clients before the German tax authorities and tax courts.

German and English

As an Attorney-at-Law, Certified Public Accountant and Tax Counselor, Mr. Hermann is a frequently requested specialist lecturer at conferences and symposiums.  He has held numerous lectures as well as published legal journal articles.  Mr. Hermann is a Member of the Advisory Board of the German Journal for Commercial and Insolvency Law (Deutsche Zeitschrift für Wirtschafts- und Insolvenzrecht or DZWiR). Only recently Ottmar Hermann published an article in Financier Worldwide about turnarounds in the automotive sector (see publications).

 

Lectures and articles amongst others:

 

• Automotive retailers in Germany - crisis or consolidation through restructuring? (published in: Financiers Worldwide, Special Report Turnaround and Corporate Renewal, London, 2008)
• The Private Limited Company in Germany ("Die Private Limited Company in Deutschland") (published by Fritz/Hermann, 2008, ZAP-Verlag)
• “Real Estate Markets on the Move - Risk and Crisis Management” ("Handelsblatt Annual Convention, Düsseldorf, May 13-15, 2003) (Immobilienmärkte in Bewegung - Risiko und Krisenmanagement)
• “Insolvency Law and its Impact” (Commercial Law Association for Small and Medium-Sized Businesses, November 5, 2003). ("Insolvenzrecht und seine Auswirkungen")
• “Tax Consulting during Insolvency” (Steuerberatung in der Insolvenz)Tax Consultant Academy, November 12, 2003  
• “Philipp Holzmann AG – Diary of an Insolvency” (Insolvency Law Day 2004)  (Philipp Holzmann AG - Tagebuch einer Insolvenz (Insolvenzrechtstag 2004, Insolvenzrechtstag Leipzig 2003)
• "Commercial Law Specialist in the Sector of Insolvency Administration" (Wirtschaftsjurist im Bereich der Insolvenzverwaltung) (Pforzheim University of Applied Sciences, April 26, 2004)
• "Internal Financial Accounting during Insolvency" (IDW-speech in collaboration with Jan Hens, WP/StB/CPA, Leipzig, August 25, 2004; published with permission of the IDW)
• “Legal Counseling in preparation of Insolvency Proceedings.” (Hesse Tax Consultant Association (a Registered Association), Bad Soden, September 7, 2004). (Insolvenzrechtliche Vorfeldberatung (Steuerberaterverband Hessen e.V. Bad Soden, 07.09.2004)
• Ottmar Hermann: ”The Development of the Insolvency Proceeding: by way of the Philipp Holzmann AG example” (Frankfurt Polytechnic, January 17, 2005) (Die Abwicklung eines Insolvenzverfahrens:  am Beispiel der Philipp Holzmann AG 
• "The Results of Insolvency of a Consortium Partner Exemplified by Philipp Holzmann AG" (Die Folgen der Insolvenz eines ARGE-Gesellschafters am Beispiel der Philipp Holzmann AG) (Seminar on insolvency in the construction business, Karlsruhe, Februar 24, 2006)
• “In construction, flops just don’t fall from the sky” (Karlsruher DIALOG:  RECHT on the mater of “Construction Company Insolvency”, March 7, 2006)
• Freiberg Construction Law Handbook, author of the chapter on: Insolvency Law in the City of Freiberg (publisher: DAV-Verlag, 2nd edition 2004)(Freiberger Handbuch zum Baurecht)
• “The Priority of the Old or New Insolvency Law during simultaneous Petitions to Open Insolvency Proceedings” in the German Journal for Commercial and Insolvency Law (Deutsche Zeitschrift für Wirtschafts- und Insolvenzrecht or DZWiR) (July 1999).  („Vorrang des Konkursrechts oder des Insolvenzrechts bei gleichzeitig anhängigen Eröffnungsanträgen“ (in Deutsche Zeitschrift für Wirtschafts- und Insolvenzrecht (DZWiR) 07/1999)

As an Attorney-at-Law, Certified Public Accountant and Tax Counselor, in 2002 Mr. Hermann directed the reform of Insolvency Law for the Bosnian Federation and the Republic of Srpska on behalf of the Association for Technical Co-operation (Gesellschaft für Technische Zusammenarbeit, GTZ) and the German Federal Ministry of Economics for which he also conducted corresponding negotiations with representatives of the World Bank.

 

Furthermore in the year 2004 he has participated in the training of insolvency administrators and judges in the scope of the “TACIS Project” of the EU on location in the Russian Federation. He currently participates in another GTZ mandate for the consultation of the Serbian Privatisation Agency.

 

For INSOL Europe Mr. Fritz maintains contacts to Eastern European and Russian insolvency administrators, for example in the form of the organisation of the first European/Russian insolvency professional’s congress in St. Petersburg.

• Member of the Board of Directors of the Rhein-Main Working Group on Insolvency Law (Arbeitskreis Insolvenzrecht Rhein-Main e.V.)
• Working Group on Insolvency Law and Restructuring of the German Law Association (Arbeitsgemeinschaft Insolvenzrecht und Sanierung im Deutschen AnwaltVerein)
• Association of German Insolvency Administrators (Verband der Insolvenzverwalter Deutschland e.V.)
• INSOL Europe and INSOL International