Measures in German Insolvency Law due to the Outbreak of COVID-19

GENERAL INSOLVENCY LANDSCAPE IN GERMANY PRE-COVID-19

Without undue delay upon occurrence of illiquidity or overindebtedness, at the latest within three weeks, members of the representing body of a legal entity have to apply for the opening of insolvency proceedings over the assets of such entity

INSOLVENCY REASONS:

Filed under:
Germany, Insolvency & Restructuring, Addleshaw Goddard LLP, Coronavirus
Authors:
Hubertus Schröder
Location:
Germany
Firm:
Addleshaw Goddard LLP