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EU-Richtlinienvorschlag zur Harmonisierung des Insolvenzrechts

Nach der Implementierung des StaRUG-Verfahrens in 2021 zeichnet sich abermalig die Einführung eines neuen sanierungsrechtlichen Verfahrens ab. Auch wenn der europäische Gesetzgebungsprozess sich noch in einem frühen Stadium...more

11/13/2023  /  Creditors , Debtors , Germany , Insolvency

Overview of EU, German federal and German states’ financing measures for companies responding to COVID-19 (UPDATED)

In response to the economic effects of the COVID-19 pandemic and market uncertainty, plethora of financing measures was introduced at EU level, German federal level and German state’s level. In their joint effect, these...more

New German restructuring law finally comes into force

As reported earlier, a new corporate restructuring law will be enacted in Germany. The new law's centerpiece will be the so-called stabilization and restructuring framework ("SRF")....more

Das neue Restrukturierungsrecht ist da

Wie bereits berichtet erhält Deutschland ein neues Restrukturierungsrecht für Unternehmen, dessen Herzstück der sogenannte Stabilisierungs- und Restrukturierungsrahmen („SRR“) ist. Der Bundestag hat das entsprechende Gesetz...more

An overview of EU and German federal financing measures for companies responding to COVID-19

In response to the economic effects of the COVID-19 pandemic and market uncertainty, plethora of financing measures was introduced at EU level and German federal level. In their joint effect, these measures are aimed at...more

New ways of restructuring in Germany

Germany's new restructuring regime is expected to come into force 0n 1 January 2021. At the heart of the new regulation is the introduction of a so-called stabilization and restructuring framework (“SRF”) for companies....more

Neue Möglichkeiten der Restrukturierung

Deutschland erhält ein neues Restrukturierungsrecht, und zwar voraussichtlich ab 1. Januar 2021. Herzstück der im aktuellen Gesetzesentwurf vorgesehenen Neuregelungen ist die Schaffung des sogenannten Stabilisierungs- und...more

Restructuring in the time of Corona: "German Chapter 11" – Restructuring under Plan Proceedings

The huge economic impact of the worldwide COVID-19 pandemic has long since reached the German economy. For many industries, the business climate has deteriorated massively. Stores remain closed, supply chains are affected,...more

Effects of Covid-19 on facility agreements under German Law

We give an overview of the possible effects of the corona crisis on existing facility agreements under German law if borrowers get into financial difficulties due to the crisis. ...more

Extraordinary profits created under restructurings according to German law – to be exempt or not to be exempt, that is the...

Recently the German legislature passed a new law, exempting extraordinary profits created by the waiver of claims under restructurings from income tax liability. ...more

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