Program Overview

Program Overview

The Faculty of Law Corporate Restructuring – Master program is designed for German and foreign lawyers and economists who wish to develop their skills as experts in restructuring. This program provides an in-depth theoretical and practical advanced training course at the intersection of law, business economics, management, and communication.

Facts and Formalities

• Degree: Legum Magister Unternehmensrestrukturierung (LL.M. corp. restruc.)
• Type of program: Continuing
• Start of program: Winter semester only
• Standard period of study: 2 semesters
• Language(s) of instruction: German
• Fees and contributions: 8,000.00 € / Semester
• Application procedure: Continuing-education master’s programs and Law - Legum Magister
• Application deadlines: Information about deadlines can be obtained after putting together a degree program.

Course Content

The degree program provides students with an advanced training course that combines law, business economics, management, and communication. Students learn to approach complex problems associated with corporate crises in an interdisciplinary and interprofessional manner. They are taught to use instruments for the systematic early detection of corporate crises, develop restructuring concepts, and safeguard them in their application. Additionally, students acquire the ability to cope with crisis situations through internal and external communication.

Course Structure

The degree program is generally designed as a one-year program but can also be studied part-time as a two-year degree program. The courses are taught as block courses over three to four days with an additional examination day. The academic program is divided into six modules:

• Module 1: Restructuring and insolvency law
  • Introduction to German, European & international insolvency law
  • M&A in times of distress, insolvency & reorganisation
  • Liquidation and partial wind-up/partial closure of business operations
  • Working group: Introduction to commercial law
• Module 2: Commercial law
  • Introduction to accounting, disclosure and audit law
  • Companies in distress: Problems & solutions from the perspective of commercial, corporate, company and insolvency criminal law
  • Companies in distress: Problems & solutions from a banking, financial services and tax law perspective
  • Legal matters and personnel restructuring practice; solutions involving employment and qualification companies
• Module 3: Crisis management and communication
  • Basics of financing
  • Accounting, controlling, financial planning
  • Crisis and reorganisation management
  • Crisis and turnaround communication: Problems, measures and implementation of internal & external communication
  • Working group: Introduction to business economics
• Module 4: Interdisciplinary simulation game
  • Crisis detection and identifying required action
  • Development of emergency measures for insolvency prevention
  • Development of strategic, operative and financial measures for result and liquidity improvement; inclusion of all measures in an overall concept
• Module 5: Master’s thesis
• Module 6: Final oral examination

Program Faculty and Teaching

The high quality of teaching is ensured by a top-class team of lecturers consisting of representatives from science and practice. This includes professors from Heidelberg University’s Faculty of Law as well as external lecturers, such as experienced judges, lawyers specializing in insolvency law or restructuring, renowned insolvency managers, partners in consulting firms, economists with relevant job profiles, and communication experts.