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    Bundesverfassungsgericht entscheidet: Juristische Personen bleiben weiterhin vom Amt des Insolvenzverwalters ausgeschlossen
    2016-07-04

    (BVerfG, Beschluss vom 12.01.2016, Az. 1 BvR 3102/13)

    Das Bundesverfassungsgericht hat sich per Beschluss vom 12. Januar 2016 zu der Frage geäußert, ob der Ausschluss juristischer Personen von der Bestellung als Insolvenzverwalter verfassungsgemäß ist oder nicht. Anlass war die Verfassungsbeschwer- de einer auf Insolvenzverwaltung spezialisierten Gesellschaft von Rechtsanwälten, welche zuvor die Aufnahme auf die Vorauswahlliste für Insolvenzverwalter eines Amtsgerichts vergeblich vor den Zivilgerichten zu erstreiten versucht hatte.

    Filed under:
    Germany, Insolvency & Restructuring, Legal Practice, Litigation, CMS Germany, Economy, Liquidator (law), Federal Constitutional Court of Germany
    Authors:
    Dr. Alexandra Schluck-Amend , Nicolas Kreuzmann
    Location:
    Germany
    Firm:
    CMS Germany
    Germany’s Federal Constitutional Court rules that legal entities remain excluded from acting as insolvency administrators
    2016-07-04

    (Federal Constitutional Court, judgment dated 12 January 2016, case ref. 1 BvR 3102/13)

    Germany’s Federal Constitutional Court has now ruled on whether the exclusion of legal entities from being appointed as insolvency administrator is constitutional or  not in its judgment dated 12 January 2016. The ruling was triggered by a constitutional complaint from a firm of lawyers specialising in insolvency administration, which had previously argued in vain before the civil courts for inclusion by a local court on its pre-selected list of insolvency administrators.

    Filed under:
    Germany, Insolvency & Restructuring, Legal Practice, Litigation, CMS Germany, Legal personality, Federal Constitutional Court of Germany
    Authors:
    Dr. Alexandra Schluck-Amend , Nicolas Kreuzmann
    Location:
    Germany
    Firm:
    CMS Germany
    New capital investment requirements for insurance companies
    2016-07-04

    The economically significant investment activity by insurance companies is subject to the regulatory requirements of the German Insurance Supervision Act (Versiche­ rungsaufsichtsgesetz – VAG). With regard to the provisions of the European Solvency II Directive, changes to the requirements for capital investments of insurance companies have resulted from the new VAG which came into effect as of 01 January 2016 (VAG new). This gives us cause to take a look at the most important changes.

    A.  Former legal situation

    Filed under:
    Germany, Corporate Finance/M&A, Insolvency & Restructuring, Insurance, CMS Germany, Security (finance), Federal Financial Supervisory Authority (Germany), Solvency II Directive (2009/138/EU)
    Authors:
    Dr. Frank Püttgen , Dr. Andreas Grunert
    Location:
    Germany
    Firm:
    CMS Germany
    Personal liability of a “weak” provisional insolvency administrator for an escrow account established for enforcement purposes
    2015-12-11

    In a judgment dated 26 / 03 / 2015, ref. no. IX ZR 302 / 13, the Federal Court of Justice (BGH) held that a provisional insolvency administrator is personally liable for monies paid into the escrow account in the event of claims of unjust enrichment being made due to the payments having no proper basis in law.

    The ruling related to the following situation:

    Filed under:
    Germany, Insolvency & Restructuring, Litigation, CMS Germany, Unjust enrichment
    Authors:
    Dr. Alexandra Schluck-Amend , Anna Schwarzer
    Location:
    Germany
    Firm:
    CMS Germany
    Persönliche Haftung des vorläufigen schwachen Insolvenzverwalters für das Vollstreckungstreuhandkonto
    2015-12-11

    Mit Urteil vom 26. März 2015, AZ IX ZR 302 / 13, entschied der BGH, dass ein vorläufiger Insolvenzver- walter für Zahlungen auf das Voll- rechtstreuhandkonto persönlich haf- tet, wenn Bereicherungsansprüche wegen rechtsgrundloser Zahlungen geltend gemacht werden.

    Dieser Entscheidung lag folgender Sachverhalt zu Grunde:

    Filed under:
    Germany, Insolvency & Restructuring, Litigation, CMS Germany, Debtor
    Authors:
    Dr. Alexandra Schluck-Amend , Anna Schwarzer
    Location:
    Germany
    Firm:
    CMS Germany
    Update banking & finance - July 2015
    2015-07-03

    Banking & Finance Aktuelle Informationen des Geschäftsbereichs Banking & Finance News from the Banking & Finance practice Juli/July 2015 4 | Editorial Fokus 6 | BaFin erlaubt regulierten Fonds die direkte Kreditvergabe 8 | Immer wieder Restrukturierung von Anleihen 10 | Zur Verwertung von mit fremden Marken gekennzeichnetem Sicherungsgut durch den Sicherungsnehmer und der Bedeutung des markenrechtlichen Erschöpfungsgrundsatzes, §24 Abs.

    Filed under:
    Germany, Banking, Capital Markets, Company & Commercial, Insolvency & Restructuring, Litigation, CMS Germany
    Location:
    Germany
    Firm:
    CMS Germany
    Germany: implementation of the Single Resolution Mechanism
    2015-09-02

    Report contents:

    Filed under:
    Germany, Banking, Capital Markets, Insolvency & Restructuring, CMS Germany
    Authors:
    Dr. Joachim Kaetzler , Andreas Feneis
    Location:
    Germany
    Firm:
    CMS Germany
    Prerequisites for redundancies by seller based on buyer's concept
    2014-10-15

    Introduction
    No violation of ban on dismissals
    Reasons for dismissals
    Comment


    Introduction

    Filed under:
    Germany, Employment & Labor, Insolvency & Restructuring, Litigation, CMS Germany
    Authors:
    Alexandra Otto , Björn Gaul , Bernd Roock
    Location:
    Germany
    Firm:
    CMS Germany
    Update banking & finance - Dezember 2014
    2014-12-02

    Banking & Finance
    Aktuelle Informationen des
    Geschäftsbereichs Banking & Finance
    News from the Banking & Finance practice
    Dezember / December 2014

    Filed under:
    Germany, Capital Markets, Company & Commercial, Insolvency & Restructuring, Litigation, Tax, CMS Germany
    Location:
    Germany
    Firm:
    CMS Germany
    Update banking & finance - July 2014
    2014-07-28

    Banking & Finance
    Aktuelle Informationen des
    Fachbereichs Banking & Finance
    News from the Banking & Finance practice
    Juli / July 2014
    Kennen Sie
    schon unseren Blog?
    www.cmshs-bloggt.de

    Filed under:
    Germany, Arbitration & ADR, Banking, Capital Markets, Insolvency & Restructuring, Insurance, Litigation, CMS Germany
    Location:
    Germany
    Firm:
    CMS Germany

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