COVID-19: Pressure points: Suspension of the insolvency application obligation (GERMANY)

Self-application

Basic principle

Filed under:
Germany, Insolvency & Restructuring, Herbert Smith Freehills LLP, Coronavirus
Authors:
Dr Steffen C. Hörner , Kai Liebrich
Location:
Germany
Firm:
Herbert Smith Freehills LLP
COVID-19 Germany: The Government's response

Insolvency Law

The German Federal government is preparing measures to suspend the requirement for companies to file for insolvency in cases where companies are suffering financial losses due to the current COVID-19 crisis. This suspension may apply through 30 September 2020. The German government aims to avoid insolvencies that may occur simply because the state's financial help may not arrive in time.

Filed under:
Germany, Employment & Labor, Insolvency & Restructuring, Tax, Herbert Smith Freehills LLP, Coronavirus, European Commission
Authors:
Dr Steffen C. Hörner , Kai Liebrich , Moritz Kunz
Location:
Germany
Firm:
Herbert Smith Freehills LLP
COVID-19 Germany: The Government's response

Insolvency Law

The German Federal government is preparing measures to suspend the requirement for companies to file for insolvency in cases where companies are suffering financial losses due to the current COVID-19 crisis. This suspension may apply through 30 September 2020. The German government aims to avoid insolvencies that may occur simply because the state's financial help may not arrive in time.

Filed under:
Germany, Employment & Labor, Insolvency & Restructuring, Tax, Herbert Smith Freehills LLP, Coronavirus, European Commission
Authors:
Dr Steffen C. Hörner , Kai Liebrich
Location:
Germany
Firm:
Herbert Smith Freehills LLP