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
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
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
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
The Preventive Restructuring Frameworks Directive (EU) 2019/1023 is finally in force. Following its implementation into EU member states’ national law, the directive will hopefully prove an effective tool for Europe’s...more
8/25/2019
/ Commercial Bankruptcy ,
Creditors ,
Debt Restructuring ,
Debtors ,
Economic Downturn ,
EU ,
EU Directive ,
Framework Agreement ,
Insolvency ,
Loans ,
Recessions ,
UK Brexit
Recently the German legislature passed a new law, exempting extraordinary profits created by the waiver of claims under restructurings from income tax liability. ...more
11/27/2018
/ Business Profits ,
EU ,
Exemptions ,
Germany ,
Income Taxes ,
Insolvency ,
New Legislation ,
Regulatory Standards ,
Restructuring ,
State Aid ,
Tax Liability