On 3 September 2013, the UK Kodak Pension Plan (KPP) completed its global acquisition of the Kodak Personalised Imaging (PI) and Document Imaging (DI) businesses. KPP acquired the businesses from the Eastman Kodak Company (EKC) and created a new organization called Kodak Alaris.
CHSH advised KPP as Austrian counsel in connection with the acquisition of Kodak's Austrian PI and DI businesses. KPP has been advised by CHSH partner Heinrich Foglar-Deinhardstein (Corporate, M&A). The team at CHSH also consisted of Susanne Molitoris (Attorney, Employment Law), Stefan Huber (Attorney, Regulatory), Stephanie Sauer (Associate, Corporate, M&A) and Alexandra Stoffl (Associate, Regulatory). Hogan Lovells is advising KPP as global lead transaction counsel.
EKC filed for Chapter 11 bankruptcy protection in the US in January 2012. The settlement of KPP's claims against EKC, amounting to USD 2.837 billion, involved the global transfer of ownership of the PI and DI businesses to KPP. Following completion of this transfer and several other restructuring steps, EKC announced its emergence from Chapter 11 as a reorganized company.