Subordination clear? German Federal Court of Justice clarifies the scope and limits of subordination agreements

The Federal Court of Justice (Bundesgerichtshof – BGH) on 5 March 2015 issued a decision (case no. IX ZR 133/14, available here) that is of immense relevance for all creditors and debtors that face the need of a subordination agreement (Rangrücktrittvereinbarung) under German law.

Filed under:
Germany, Insolvency & Restructuring, Litigation, DLA Piper, Debtor, Liability (financial accounting), Unjust enrichment
Authors:
Marei Hellmig , Mareike Schwedler
Location:
Germany
Firm:
DLA Piper
Clawback reduced? Germany limits claw back regime – somewhat

Impending major reform of German insolvency clawback regime 

Filed under:
Germany, Insolvency & Restructuring, DLA Piper, Debtor
Authors:
Mareike Schwedler , Marei Hellmig
Location:
Germany
Firm:
DLA Piper
Clawback reduced? Germany limits claw back regime – somewhat

Impending major reform of German insolvency clawback regime 

Filed under:
Germany, Insolvency & Restructuring, DLA Piper, Debtor
Authors:
Mareike Schwedler , Marei Hellmig
Location:
Germany
Firm:
DLA Piper