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    Schnelle Hilfe für die Gründerszene durch den Gesetzgeber?
    2020-03-26

    Die Möglichkeiten durch das Gesetz zur Abmilderung der Folgen der COVID-19-Pandemie im Zivil-, Insolvenz- und Strafverfahrensrecht für Startups.

    Filed under:
    Germany, Banking, Company & Commercial, Insolvency & Restructuring, Real Estate, Hogan Lovells, Coronavirus
    Authors:
    Peter Huber , Kilian Pfahl
    Location:
    Germany
    Firm:
    Hogan Lovells
    Impact of the Covid 19 pandemic: Further assistance from the German Government
    2020-03-25

    What is new?

    Despite the substantial scope of the first package of measures from the German government, the establishment of a "protective shield for employees and companies", it had already become clear that further measures would be necessary to mitigate the effects of the Covid 19 pandemic on the German economy (for the first package, see our newsletter of 18 March 2020). 

    Filed under:
    Germany, Banking, Capital Markets, Company & Commercial, Employment & Labor, Insolvency & Restructuring, Real Estate, Tax, Linklaters LLP, Coronavirus
    Location:
    Germany
    Firm:
    Linklaters LLP
    New insolvency regulation in Germany aimed at supporting businesses in distress
    2020-03-25

    On March 23, 2020, the German Federal Government (Bundesregierung) published a draft bill to mitigate the consequences of the COVID-19 in civil, insolvency and criminal procedural law.

    Filed under:
    Germany, Company & Commercial, Insolvency & Restructuring, Litigation, Squire Patton Boggs, Coronavirus
    Authors:
    Dr Andreas Fillmann
    Location:
    Germany
    Firm:
    Squire Patton Boggs
    COVID-19 (Coronavirus): How the COVID-19 Relief Act Can Help Rescue German Companies
    2020-03-26

    On March 25, 2020, the German parliament adopted a package of measures to mitigate the effects of the COVID-19 pandemic (“COVID-19 Relief Act”). This article contains an overview of the key measures for German companies, which are:

    Filed under:
    Germany, Banking, Company & Commercial, Insolvency & Restructuring, Morrison & Foerster LLP, Coronavirus
    Authors:
    Jörg Meißner , Dominik Moser , Angela Kerek , Florian Ehrich
    Location:
    Germany
    Firm:
    Morrison & Foerster LLP
    Which steps is Germany taking to respond to COVID-19 and assist potentially stressed/distressed companies?
    2020-03-20

    Due to its constitutional and legal system, Germany is different from a number of other countries around the world. Measures fighting the spread of COVID-19 in Germany cannot be taken at the central government level in Berlin (Bundesregierung) but have to be taken by the governments of the 16 states (Landesregierungen), which constitute the Federal Republic of Germany.

    However, in recent days the Prime Ministers of the 16 German states have coordinated their action closely with each other and with the central German government.

    Filed under:
    Germany, Company & Commercial, Insolvency & Restructuring, Squire Patton Boggs, European Commission
    Authors:
    Jens Rinze
    Location:
    Germany
    Firm:
    Squire Patton Boggs
    Legal Update - Anfechtungs- und haftungsrechtliche Erleichterungen für COVID-19-Finanzierungen in Deutschland
    2020-03-23

    Mit außerordentlichem Engagement treibt das Bundesministerium für Justiz und Verbraucherschutz (BMJV) aktuell das Gesetz zur Abmilderung der Folgen der COVID-19-Pandemie im Zivil-, Insolvenz- und Strafverfahrensrecht voran. Weniger als zwei Wochen nach Beginn der weitreichenden Einschränkungen des öffentlichen Lebens und auch der Wirtschaft in Deutschland aufgrund der COVID-19-Pandemie soll es nun verabschiedet werden.

    Filed under:
    Germany, Banking, Company & Commercial, Insolvency & Restructuring, Latham & Watkins LLP
    Authors:
    Frank Grell , Jörn Kowalewski , Ulrich Klockenbrink
    Location:
    Germany
    Firm:
    Latham & Watkins LLP
    Corona-Virus: Unternehmen unter Quarantäne - was tun?
    2020-02-28

    Das Coronavirus SARS-CoV-2 hat Deutschland infiziert. Auch solide Unternehmen drohen in Folge dessen unverschuldet in die Krise zu stürzen. Während die operativen Tätigkeiten aufgrund der Isolierung ganzer Belegschaften oder gesprengten Lieferketten vorübergehend eingestellt werden, bleiben Verbindlichkeiten wie Miete, Gehälter, Sozialabgaben und Kapitaldienst in rechtlicher Hinsicht gegen das Coronavirus immun. Fortlaufende Fixkosten denen kein operatives Ergebnis gegenübersteht, belasten die Liquidität und stellen einen existenzbedrohenden Angriff für jede Unternehmensfinanzierung dar.

    Filed under:
    Germany, Company & Commercial, Insolvency & Restructuring, Taylor Wessing, Bankruptcy, Coronavirus
    Authors:
    Dr. Martin Heidrich
    Location:
    Germany
    Firm:
    Taylor Wessing
    Neues Jahr, neues Recht: Neuerungen im SchKG
    2019-01-14

    Seit dem 1. Januar 2019 haben Schuldner bei Vorliegen bestimmter Voraussetzungen neu die Möglichkeit, mittels eines Gesuchs zu verlangen, dass ungerechtfertigte Betreibungen nicht auf dem Betreibungsregisterauszug ersichtlich sind. Neben dieser neuen Möglichkeit hat das Bundesgesetz über Schuldbetreibung und Konkurs (SchKG) zusätzliche kleinere Änderungen erfahren, welche in diesem Beitrag kurz aufgezeigt werden.

    Filed under:
    Germany, Banking, Company & Commercial, Insolvency & Restructuring, MLL Legal Ltd
    Authors:
    David Peter , Urs Boller
    Location:
    Germany
    Firm:
    MLL Legal Ltd
    Directors' liability for payments made to companies in insolvency
    2019-06-07

    Background

    According to German law, managing directors of limited liability companies are personally liable for payments that have been made despite insolvency. This can lead to widespread liability.

    Filed under:
    Germany, Company & Commercial, Insolvency & Restructuring, Litigation, Taylor Wessing, Board of directors
    Authors:
    Benjamin Bardutzky
    Location:
    Germany
    Firm:
    Taylor Wessing
    New rules on directors’ liability in Germany
    2018-11-08

    The German Federal Court of Justice has tightened its grip on company directors again. In a recent judgment on directors’ liability in insolvency situations, the Court clarified the scope of sections 60- 61 of the German Insolvency Act.

    Filed under:
    Germany, Company & Commercial, Insolvency & Restructuring, Litigation, Taylor Wessing, Debtor in possession, Insolvency Act 1986 (UK), Federal Court of Justice
    Authors:
    Dr. Daniel Kunz , Leopold Bauer
    Location:
    Germany
    Firm:
    Taylor Wessing

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