Als Reaktion auf die aktuellen Verwerfungen auf den Energie- und Rohstoffmärkten und die damit zusammenhängenden finanziellen Belastungen für Unternehmen tritt am 9. November 2022 das Gesetz zur vorübergehenden Anpassung sanierungs- und insolvenzrechtlicher Vorschriften zur Abmilderung von Krisenfolgen (Sanierungs- und insolvenzrechtliches Krisenfolgenabmilderungsgesetz – SanInsKG) in Kraft. Kern des SanInsKG ist eine zeitlich befristete Entschärfung des Insolvenzeröffnungstatbestands der Überschuldung gemäß § 19 InsO.
Der Bundesgerichtshof hat in einer aktuellen Entscheidung seine Rechtsprechung zur Vorsatzanfechtung nach § 133 InsO neu ausgerichtet. Die Anforderungen für diesen in der Praxis äußerst relevanten Anfechtungstatbestand wurden merklich erhöht.
Der nachfolgende Beitrag soll dem Leser einen Überblick über die wesentlichen Neuerungen verschaffen.
Die Steuerstundungen aufgrund der Corona-Pandemie laufen am 30. September 2021 aus. Hier erfahren Sie, welche Anforderungen Geschäftsleiter, Steuerberater und Wirtschaftsprüfer beachten müssen, um Haftungsrisiken zu vermeiden.
Das Wichtigste im Überblick:
The StaRUG provides for a so-called stabilisation order to make it easier for companies to restructure. This is also referred to as a moratorium. We explain the requirements and consequences.
On 1 January 2021, the StaRUG, which goes back to an EU directive, came into force and wants to provide a `second chance for businesses. The abbreviation stands for 'Unternehmensstabilisierungs- und –restrukturierungsgesetz' ('Corporate Stabilisation and Restructuring Act').
With this overview, we want to provide you with a high-level overview of the StaRUG on the following main issues:
On 6 September 2020, the Federal Government announced its intention to extend the insolvency relief measures put in place in March 2020 as part of its response to the COVID-19 pandemic. The relief measures were due to expire in September 2020, but will now expire on 31 December 2020.
On the 22nd of March, the Federal Government announced a suite of temporary changes to insolvency laws to help struggling businesses dealing with the economic fallout of the coronavirus.1 These changes have been designed to act as a ‘safety net’, minimising the threat of actions that could unnecessarily push businesses into insolvency and, instead, allowing them to continue trading.
Changes to Demands from Creditors
"Ipso facto" amendments to the Corporations Act - what does this mean and what impact does it have on your contracts from 1 July 2018?
Overview
Commercial contracts commonly include a term which permits one party to exercise certain contractual rights (including the right to terminate) if the other party is either insolvent or at the risk of becoming insolvent. Such clauses are commonly called “ipso facto” clauses.
On 13 June 2017 the Australian Financial Review published an article titled “SumoSalad uses Insolvency Laws to fight Scentre’s Westfield”.
The assignment of debts is common in many transactions - from the sale of businesses to restructuring scenarios.
Assigning a debt requires written notice of the assignment being given to the debtor. Under conveyancing legislation this notice can be given by either the assignor or assignee (for example, section 12 Conveyancing Act (NSW)).
Additional rules now apply for debts captured by the Personal Property Securities Act (PPSA).