Noerr advises IFB Hamburg on setting up the G20 hardship fund

Noerr has provided legal assistance on setting up the hardship fund formed to compensate the victims of the G20 riots in Hamburg. A team led by Hamburg partner Volker Land advised Hamburgische Investitions- und Förderbank (IFB Hamburg), the investment and development bank managing the fund.

The aim of the fund set up by the City of Hamburg is to provide the victims of the riots with prompt and unbureaucratic help. The aid is being granted on grounds of equity and is meant to be understood as an act of solidarity with the victims of the violent demonstrations. The hardship fund comprises funds from the German government and the City of Hamburg.

Advisors to Hamburgische Investitions- und Förderbank (IFB Hamburg): Noerr LLP

Dr Volker Land (lead, Capital Markets, Hamburg), Dr Thomas Heitzer, Dr Paul Malek (both Insurance, Düsseldorf), Dr Holger Schmitz (Regulatory, Berlin)

Associates: Dr Christian Dolff (Insurance, Düsseldorf), Dr Max Helleberg (Regulatory, Berlin)