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Germany: The European Court of Justice Clarifies the Defences Available Against Insolvency Challenges in Germany

In the recent decision of Lutz [2015] C-557/13, the European Court of Justice (ECJ) upheld domestic defences against a clawback claim. The case relates to a clawback action brought by an insolvency administrator in Germany against a defendant based in Au ...

Resource Article - abi_admin - 07/03/2015 - 09:18 - 0 comments - 0 attachments

Germany: Berlin, Germany's Leading Tech-City, To Push Venture Capital Reforms

Following up on our report in the Q1 2015 issue of Global Insight on “Intellectual Property Rights in German Insolvency Law”, which discussed the outdated provisions governing IP rights under German insolvency law, here are the latest developments to enh ...

Resource Article - abi_admin - 07/03/2015 - 09:16 - 0 comments - 0 attachments

Deutsche Bank Individuals Investigated Over Libor Scandal

Frankfurt prosecutors are examining the role played by individuals connected with Deutsche Bank’s involvement in the Libor rate-rigging scandal – potentially opening up a new front in the affair that has rocked Germany’s biggest bank. The investigation i ...

Daily Headline - global.abi.org - 06/29/2015 - 21:59 - 0 comments

German Finance Ministry Denies Report It Preparing For A State's Insolvency

Germany's finance ministry denied a report on Saturday that its officials were working on a plan to allow an orderly debt restructuring for any country that becomes insolvent, Reuters reported. German magazine Der Spiegel had reported that Finance M ...

Daily Headline - global.abi.org - 06/14/2015 - 19:29 - 0 comments

German Industrialists Fear Cheap Money

Leading German industrialists have sounded the alarm over the European Central Bank’s move to drive down interest rates, warning that cheap money is causing volatility and could create “another bubble”, the Financial Times reported. Wolfgang Buechele ...

Daily Headline - global.abi.org - 06/14/2015 - 19:30 - 0 comments

German Maker Of Kettcar Files For Insolvency

Germany's Kettler, known for its Kettcar carts for kids, has filed for insolvency, the sporting goods and bicycle maker said. Privately held Kettler said on Wednesday the move had become necessary "to avoid a hostile takeover and realign the co ...

Daily Headline - global.abi.org - 06/03/2015 - 22:25 - 0 comments

Commerzbank Bouncing Back With Planned Dividend Payout

If all goes according to plan, early next year Commerzbank will pay a dividend for the first time since the bank was engulfed by the crisis, the Irish Times reported on a Financial Times story. That would be a symbolic moment in the rehabilitatio ...

Daily Headline - global.abi.org - 05/25/2015 - 22:45 - 0 comments

Smart Gun Company In Corporate Restructuring

The upheaval is deepening around the German maker of a controversial new smart gun, The Washington Post reported. Armatix, based near Munich, is undergoing a “corporate restructuring,” according to a statement Thursday from a company spokesman. Detai ...

Daily Headline - global.abi.org - 05/21/2015 - 21:44 - 0 comments

German Finance Minister Schäuble Doesn’t Rule Out Greek Default

Germany’s finance minister said he couldn’t rule out a Greek default, a stance that will add pressure on Athens as negotiations over much-needed financing enter their final stretch. Asked whether he would repeat an assurance he gave in late 2012 that Gre ...

Daily Headline - global.abi.org - 05/20/2015 - 21:35 - 0 comments

Germany Urges Greece To Undertake Reforms To Unlock Funds

German politicians kept up the pressure on Greece over the weekend to implement reforms, with Economy Minister Sigmar Gabriel warning Athens in an interview that a third aid package would not be on the cards unless the Greeks made some changes. Greece is ...

Daily Headline - global.abi.org - 05/17/2015 - 22:54 - 0 comments

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