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    Update zum Gesetzesvorhaben zur vorübergehenden Aussetzung der Insolvenzantragspflicht wegen der Corona-Epidemie
    2020-03-20

    Der vergangenen Woche vom BMJV angekündigte Gesetzesentwurf zur Lockerung der Insolvenzantragspflicht wird voraussichtlich in der kommenden Woche von Bundestag und Bundesrat verabschiedet.

    Ein Gesetzesentwurf ist noch nicht veröffentlicht. Das BMJV gab jedoch bereits bekannt, dass die Lockerung der Insolvenzantragspflicht an folgende Voraussetzungen geknüpft sein wird:

    Filed under:
    Germany, Insolvency & Restructuring, Advant Beiten
    Authors:
    Dr. Florian Weichselgärtner
    Location:
    Germany
    Firm:
    Advant Beiten
    Legal Update - Remedy for Managing Directors in Times of COVID-19: Suspension of insolvency filing obligations and limitation of liability risks in Germany
    2020-03-22

    The Federal Ministry of Justice and Consumer Protection (BMJV) now implements, with great commitment and unprecedented speed, what it has generally announced on 16 March 2020 (see also The four pillar protective governmental shield for Germany):

    Filed under:
    Germany, Insolvency & Restructuring, Latham & Watkins LLP, Coronavirus
    Authors:
    Frank Grell , Jörn Kowalewski , Ulrich Klockenbrink
    Location:
    Germany
    Firm:
    Latham & Watkins LLP
    Remedy for Managing Directors in the Time of COVID-19: Suspension of insolvency filing obligations and limitation of liability risks in Germany
    2020-03-22

    The Federal Ministry of Justice and Consumer Protection (BMJV) now implements, with great commitment and unprecedented speed, what it has generally announced on 16 March 2020: 

    Filed under:
    Germany, Insolvency & Restructuring, Latham & Watkins LLP, Coronavirus
    Authors:
    Frank Grell , Jörn Kowalewski , Ulrich Klockenbrink
    Location:
    Germany
    Firm:
    Latham & Watkins LLP
    Legal Update - Abhilfe für Geschäftsführer und Vorstände in Zeiten von COVID-19: Aussetzung von Insolvenzantragspflichten und Einschränkung von Haftungsvorschriften
    2020-03-22

    Das Bundesministerium für Justiz und Verbraucherschutz (BMJV) lässt nun mit enormem Einsatz und mit wohl einmaliger Geschwindigkeit seiner vom 16. März 2020 Akündigung Taten folgen (siehe auch: Vier Säulen Schutzschild für Deutschland):

    Noch in dieser Woche sollen

    Filed under:
    Germany, Insolvency & Restructuring, Latham & Watkins LLP
    Authors:
    Frank Grell , Jörn Kowalewski , Ulrich Klockenbrink
    Location:
    Germany
    Firm:
    Latham & Watkins LLP
    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
    Restrukturierung in Zeiten von Corona: Sanierung durch Planverfahren
    2020-03-23

    Die Unsicherheit, die von einer weltweiten Ausbreitung des neuartigen Coronavirus Sars-CoV-2 ausgeht, hat längst die deutsche Wirtschaft erreicht.

    Für viele Branchen hat sich das Geschäftsklima massiv eingetrübt. Selbst wenn staatliche Hilfen ausgezahlt werden wird man sich besser früher als später ernsthafte Überlegungen zu einer umfassenden Restrukturierung machen müssen. Ein hilfreicher Weg ist die Sanierung durch Planverfahren, oft verbunden mit Schutzschirm oder sonstiger Eigenverwaltung.

    Die wesentlichen Vorzüge auf einen Blick:

    Filed under:
    Germany, Insolvency & Restructuring, Hogan Lovells, Coronavirus
    Authors:
    Heiko Tschauner , Christian Herweg
    Location:
    Germany
    Firm:
    Hogan Lovells
    Legal Update: Mitigation of Clawback and Liability Risks for COVID-19 Era Financings in Germany
    2020-03-24

    The Federal Ministry of Justice and Consumer Protection (BMJV) is currently finalizing the law to mitigate the consequences of the COVID-19 pandemic in civil, insolvency, and criminal proceedings with extraordinary commitment. It shall be adopted less than two weeks after the beginning of the extensive restrictions on public life and the economy in Germany due to the COVID-19 pandemic.

    A central element of the law is to facilitate the raising of debt capital in order to support companies in the current situation. For this purpose:

    Filed under:
    Germany, Insolvency & Restructuring, Latham & Watkins LLP, Coronavirus
    Authors:
    Frank Grell , Jörn Kowalewski , Ulrich Klockenbrink
    Location:
    Germany
    Firm:
    Latham & Watkins LLP
    COVID-19: Changes to Insolvency and Restructuring Related Regulations in Germany
    2020-03-24

    The German federal government is currently preparing new legislation to reduce the economic fallout from the COVID-19 pandemic. This news alert deals with the proposed changes to the insolvency and restructuring related German regulations.

    Filed under:
    Germany, Insolvency & Restructuring, K&L Gates LLP, Coronavirus
    Authors:
    Volker Gattringer
    Location:
    Germany
    Firm:
    K&L Gates LLP
    Proposed Legislation to avoid COVID-19-related Insolvencies in Germany
    2020-03-24

    The German Federal Government has resolved upon a draft bill for the mitigation of the consequences of the SARS-CoV2- Virus (COVID-19) pandemic (the “Proposed Legislation”). One of the goals of the Proposed Legislation is to prevent insolvencies of companies which encounter financial difficulties as a result of the ongoing COVID-19 pandemic. The Proposed Legislation goes well beyond the earlier announcement made by the German Federal Department 

    Proposed Legislation to avoid COVID-19-related Insolvencies in Germany

    Filed under:
    Germany, Insolvency & Restructuring, Public, Milbank LLP, Due diligence, Coronavirus
    Location:
    Germany
    Firm:
    Milbank LLP
    Legislative package of the German Federal Government to mitigate the consequences of the COVID-19 pandemic
    2020-03-24

    On 23 March 2020, the German Federal Cabinet adopted further urgent measures to mitigate the economic consequences of the COVID-19 pandemic. The package of measures includes an emergency aid programme for micro-enterprises, self-employed persons and freelancers of up to EUR 50 billion and an economic stabilisation fund of EUR 600 billion as well as a Law to mitigate the consequences of the COVID-19 pandemic in civil law, insolvency law and criminal proceedings.

    Filed under:
    Germany, Insolvency & Restructuring, Litigation, Real Estate, Greenberg Traurig LLP, Coronavirus
    Authors:
    Christian Schede , Viola Bensinger , Josef Hofschroer , Florian Rösch , Claudia Hard , Dr. Kati Beckmann , Dr. Stefan Lütje , Dr. Dieter Neumann , Georg von Wallis
    Location:
    Germany
    Firm:
    Greenberg Traurig LLP

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