What is at the core of the Lars Windhorst lawsuit?

A New York filing by IStar Capital claims nonpayment on a €6.5 million bond due in 2024, reportedly tied to Voltaire Finance and linked to Wild Bunch AG. The plaintiff also cites an earlier Dubai judgment. Windhorst denies wrongdoing and says the dispute is resolved. Courts will determine outcomes.

Why does this case matter for investors in Germany?

It highlights cross-border enforcement risk. Even euro-denominated claims can face long timelines if assets, contracts, or parties sit across several jurisdictions. Investors should review governing law, collateral, guarantees, and cash flow controls, then reprice positions for legal costs, delays, and potential recoveries below par.

How should I assess exposure to Voltaire Finance bonds or Wild Bunch AG links?

Map the full structure. Identify the borrower, any guarantors, and where collateral and cash sit. Check events of default, cross-default clauses, and negative pledge terms. Review filings in the Bundesanzeiger and any court dockets, then set alerts for new legal actions, payment dates, and management changes.

Could the dispute resolve quickly despite the lawsuit?

It is possible if parties settle or restructure, but investors should not rely on speed. Court calendars, discovery, and recognition steps often take months. Build plans for extended timelines, partial repayments, or haircuts, and keep documentation and monitoring in place while the legal process plays out.

Global Market Insights

February 10: Lars Windhorst Sued in U.S. Over €6.5m Bond Financing

ByHuzaifa Zahoor February 11, 2026February 11, 2026

The Lars Windhorst lawsuit is back in focus after IStar Capital filed a case in New York over a €6.5 million 2024 bond financing linked to Voltaire Finance and Wild Bunch AG. The plaintiff cites an earlier Dubai judgment. Windhorst denies wrongdoing and says the dispute is resolved. For investors in Germany, this is a clear reminder to price cross-border legal risk and liquidity risk when dealing with complex structures and privately placed debt. We outline what is known, what is disputed, and what steps may help protect capital.