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    Explosion der Baukosten - folgt nun die große Pleitewelle?- 2.0
    2022-05-05

    Update unseres Leitfadens zum Umgang mit Materialkostenerhöhungen und Lieferverzögerungen

    Die aktuelle Entwicklung bei Baukosten und Materiallieferungen

    Filed under:
    Germany, Construction, Insolvency & Restructuring, Taylor Wessing
    Location:
    Germany
    Firm:
    Taylor Wessing
    Datenschutz im Insolvenzverfahren
    2021-03-19

    Im (vorläufigen) Insolvenzverfahren ist es die Aufgabe des Insolvenzverwalters, für den Schutz personenbezogener Daten zu sorgen. Er übernimmt anstelle des ursprünglichen Geschäftsführers/Inhabers die Führung des Unternehmens und wird damit gemäß Art. 4 Nr. 7 Datenschutzgrundverordnung (DSGVO) datenschutzrechtlich verantwortlich. Das gilt nicht nur, wenn personenbezogene Daten für die Zwecke des Insolvenzverfahrens verarbeitet werden, sondern betrifft alle Verarbeitungsvorgänge im schuldnerischen Unternehmen. Ein „Insolvenzprivileg“ kennt das Datenschutzrecht dabei nicht.

    Filed under:
    Germany, Insolvency & Restructuring, IT & Data Protection, Litigation, Taylor Wessing
    Location:
    Germany
    Firm:
    Taylor Wessing
    Stabilisierungsmaßnahmen und Beteiligungen der öffentlichen Hand an Unternehmen - unsere Expertise
    2020-03-27

    Im Zuge der „Corona-Krise“ benötigen viele betroffene Unternehmen dringend staatliche Unterstützung, um akute Liquiditätsengpässe zeitnah abwenden zu können und um ihre Eigenkapitalquote zu stärken. Der Bund hat dazu nun das Gesetz zur Errichtung eines Wirtschaftsstabilisierungsfonds (WStFG) erlassen. Das WStFG sieht die Errichtung eines Wirtschaftsstabilisierungsfonds (WSF) zur Stützung der Realwirtschaft vor (Ausführliche Informationen zum WSF wie bspw. zu Antragsberechtigungen, Voraussetzungen und Zuständigkeiten finden Sie u.a.

    Filed under:
    European Union, Germany, Company & Commercial, Insolvency & Restructuring, Public, Tax, Taylor Wessing, Coronavirus
    Authors:
    Michael Brüggemann , Clemens Niedner , Dr. Martin Heidrich
    Location:
    European Union, Germany
    Firm:
    Taylor Wessing
    German company directors: watch out
    2017-12-05

    German insolvency proceedings expose company directors to high risks of personal liability. Claims brought on the basis of sec. 92(2), 93(3) German Companies Act (Aktiengesetz, AktG) and sec. 64 German Limited Liability Companies Act can have disastrous financial consequences. Damages can be in the millions. Therefore many company directors purchase directors’ and officers’ liability insurances (D&O insurance) to protect their personal assets.

    Filed under:
    Germany, Insolvency & Restructuring, Insurance, Taylor Wessing, Federal Court of Justice
    Authors:
    Dr. Michael Malitz
    Location:
    Germany
    Firm:
    Taylor Wessing
    Across the EUniverse
    2017-03-13

    February 2017 N° 19 Fondo Atlante and the future for the financial institutions Tommaso dalla Massara Some news on insolvency procedures Fabio Marelli EU Commission first draft of ePrivacy Regulation Rocco Panetta Insurance Distribution Directive Guido Foglia ACROSS THE EUNIVERSE 2 In this Issue Editorial Giovanni Moschetta, Bernard O'Connor 3 What's App in Europe 4 Bernard O'Connor The next big thing for European data protection: EU Commission publishes first draft of ePrivacy Regulation to be discussed during GDPR transition period 6 Rocco Panetta, Francesco Armaroli Critical features of

    Filed under:
    China, European Union, France, Germany, Greece, Italy, Russia, United Kingdom, Banking, Insolvency & Restructuring, Insurance, IT & Data Protection, Litigation, Public, Shipping & Transport, White Collar Crime, Nctm Studio Legale, European Commission, European Parliament
    Location:
    China, European Union, France, Germany, Greece, Italy, Russia, United Kingdom
    Firm:
    Nctm Studio Legale
    Illinois Bankruptcy Court Examines Statutory Authority for Enforcing Foreign Bankruptcy Court Orders in Chapter 15 Cases
    2021-07-29

    In cases under both chapter 15 of the Bankruptcy Code and its repealed predecessor, section 304, U.S. bankruptcy courts have routinely recognized and enforced orders of foreign bankruptcy and insolvency courts as a matter of international comity. However, U.S. bankruptcy courts sometimes disagree over the precise statutory authority for granting such relief, because the provisions of chapter 15 are not particularly clear on this point in all cases.

    Filed under:
    Germany, USA, Illinois, Insolvency & Restructuring, Litigation, Jones Day
    Authors:
    Corinne Ball , Dan T. Moss , Michael C. Schneidereit , Isel M. Perez , Mark G. Douglas
    Location:
    Germany, USA
    Firm:
    Jones Day
    New Insurance Risks for Directors & Officers in Germany
    2018-11-28

    The Situation: Claims brought by insolvency administrators under Section 64 of the German Limited Liability Companies Act are not only among the most common, but also the most financially significant, claims faced by the directors of distressed German companies.

    The Development: In a landmark decision, the Higher Regional Court of Düsseldorf recently determined that claims brought under Section 64 of the GmbHG are not covered by insuring provisions found in many D&O insurance policies.

    Filed under:
    Germany, Insolvency & Restructuring, Insurance, Litigation, Jones Day
    Location:
    Germany
    Firm:
    Jones Day
    EuroResource—Deals and Debt | December 2017
    2017-12-19

    For the benefit of our clients and friends investing in European distressed opportunities, our European Network is sharing some current developments.

    Recent Developments

    Filed under:
    Belgium, European Union, France, Germany, Italy, Netherlands, United Kingdom, Capital Markets, Corporate Finance/M&A, Insolvency & Restructuring, IT & Data Protection, White Collar Crime, Jones Day, Foreign direct investment, European Commission
    Authors:
    Corinne Ball
    Location:
    Belgium, European Union, France, Germany, Italy, Netherlands, United Kingdom
    Firm:
    Jones Day
    Major German insolvency law reforms designed to facilitate corporate group insolvencies will become effective on April 21, 2018
    2017-10-02

    When the reforms come into force, they will supplement and complement the Recast European Union Insolvency Regulation that became effective on June 26, 2017.

    Filed under:
    Germany, Insolvency & Restructuring, Jones Day
    Authors:
    Mark G. Douglas
    Location:
    Germany
    Firm:
    Jones Day
    International Legislative Update
    2017-04-13

    New EU Regulation on Cross-Border Preservation of Accounts Potentially Useful Tool to Secure Assets in EU Member States

    Filed under:
    Germany, Insolvency & Restructuring, Litigation, Jones Day, Debtor, Financial regulation, Federal Financial Supervisory Authority
    Authors:
    Mark G. Douglas
    Location:
    Germany
    Firm:
    Jones Day

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