As the economic effects of the coronavirus (COVID-19) pandemic continue to be felt, Germany’s protective shield proceeding under Section 270b of the Insolvency Code is a way for companies to restructure under the direction of management.
Innovations to the Act in late 2015 seek to modernize and simplify collective proceedings in OHADA member states.
Africa, Insolvency & Restructuring, Morgan, Lewis & Bockius LLP, Economy, Liquidation, Conciliation, Commercial law, UNCITRAL, Uniform Act