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    Oberlandesgericht München bestätigt: Kein Versicherungsschutz für Ansprüche gemäß § 64 GmbHG
    2019-12-19

    Das Oberlandesgericht München hat in einem bisher unveröffentlichten Hinweisbeschluss[1] die Rechtsauffassung des Oberlandesgerichts Celle[2] und des Oberlandesgerichts Düsseldorfs[3] bestätigt, dass für Ansprüche des Insolvenzverwalters gegen Geschäftsführer wegen Zahlungen trotz Insolvenzreife kein Versicherungsschutz unter einer D&O-Versicherung besteht. Daneben hat das Oberlandesgericht München auch zur Verteilung der Darlegungs- und Beweislast in Abtretungskonstellationen Stellung bezogen.

    Filed under:
    Germany, Insolvency & Restructuring, Insurance, Litigation, Clyde & Co LLP, Federal Court of Justice
    Authors:
    Dr. Henning Schaloske , Daniel Kreienkamp
    Location:
    Germany
    Firm:
    Clyde & Co LLP
    Company Acquisition in times of Corona - Strengthen your own Position, Exploiting the Opportunities offered by M&A activities
    2020-02-04

    - Planning now is the smart thing to do -

    Filed under:
    Germany, Corporate Finance/M&A, Insolvency & Restructuring, Advant Beiten, Due diligence
    Authors:
    Angelika Kapfer , Christian Philipp Kalusa , Torsten Cülter
    Location:
    Germany
    Firm:
    Advant Beiten
    Zeamarine - what creditors need to know under German law
    2020-02-26

    Introduction

    Filed under:
    Germany, Insolvency & Restructuring, Shipping & Transport, Arnecke Sibeth Dabelstein
    Authors:
    Jörg Noltin , Felix Goebel
    Location:
    Germany
    Firm:
    Arnecke Sibeth Dabelstein
    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
    Aviation industry alert - Air Berlin insolvency: no compensation for cabin crew
    2020-03-02

    By Julia Wittig, Firm: Kliemt.HR Lawyers

    The German Federal Labour Court has ruled that cabin crew of the insolvent Air Berlin were not entitled to compensation for the loss of their jobs.

    Filed under:
    Germany, Aviation, Employment & Labor, Insolvency & Restructuring, Litigation, Ius Laboris, Federal Labour Court of Germany
    Location:
    Germany
    Firm:
    Ius Laboris
    No Duty to File for Insolvency but Risk of Fraud!
    2020-03-04

    With the German Act to Mitigate the Consequences of the COVID-19 Pandemic in Civil, Insolvency and Criminal Proceedings Law and the COVID-19 Insolvency Suspension Act (COVInsAG) contained therein (COVInsAG) of 27 March 2020, the obligation to file an insolvency petition (section 15a InsO) was temporarily suspended in the cases described in more detail below (see no.

    Filed under:
    Germany, Insolvency & Restructuring, Advant Beiten, Coronavirus
    Authors:
    Jörg Bielefeld , Timo Handel , Alexander Schmid
    Location:
    Germany
    Firm:
    Advant Beiten
    COVID-19 Germany: The Government's response
    2020-03-17

    Insolvency Law

    The German Federal government is preparing measures to suspend the requirement for companies to file for insolvency in cases where companies are suffering financial losses due to the current COVID-19 crisis. This suspension may apply through 30 September 2020. The German government aims to avoid insolvencies that may occur simply because the state's financial help may not arrive in time.

    Filed under:
    Germany, Employment & Labor, Insolvency & Restructuring, Tax, Herbert Smith Freehills LLP, Coronavirus, European Commission
    Authors:
    Dr Steffen C. Hörner , Kai Liebrich , Moritz Kunz
    Location:
    Germany
    Firm:
    Herbert Smith Freehills LLP
    Insolvenzantragspflicht für durch die Corona-Epidemie geschädigte Unternehmen wird ausgesetzt
    2020-03-17

    Das Bundesministerium der Justiz und für Verbraucherschutz (BMJV) hat mitgeteilt, dass die Insolvenzantragspflicht für betroffene Unternehmen unter gewissen Voraussetzungen bis zum 30.09.2020 ausgesetzt werden soll. An einer entsprechenden Regelung wird derzeit gearbeitet.

    Filed under:
    Germany, Insolvency & Restructuring, Litigation, SKW Schwarz, Coronavirus
    Authors:
    Jan M. Antholz , Stephan Neubauer
    Location:
    Germany
    Firm:
    SKW Schwarz
    Insolvenzantragspflicht für durch die Corona-Epidemie geschädigte Unternehmen wird ausgesetzt
    2020-03-17

    Das Bundesministerium der Justiz und für Verbraucherschutz (BMJV) hat mitgeteilt, dass die Insolvenzantragspflicht für betroffene Unternehmen unter gewissen Voraussetzungen bis zum 30.09.2020 ausgesetzt werden soll. An einer entsprechenden Regelung wird derzeit gearbeitet.

    Filed under:
    Germany, Insolvency & Restructuring, SKW Schwarz, Coronavirus
    Authors:
    Jan M. Antholz , Stephan Neubauer
    Location:
    Germany
    Firm:
    SKW Schwarz
    First German Legislative Support Due to COVID-19 and Granting Liquidity Lifelines
    2020-03-17
    1. Introduction

      The situation due to the coronavirus has resulted in a massive disruption and to some extent even in a complete standstill of public and social life with far-reaching consequences for the national and international economy. The recent border closures will have a further impact on the movement of people and goods.

      As a result, the German Federal Government has announced that it will provide several instruments to reduce the impact of the situation:

    Filed under:
    Germany, Insolvency & Restructuring, Paul Hastings LLP, Coronavirus
    Authors:
    Dr. Christopher Wolff , Dr. Christian Mock , Fritz Kleweta
    Location:
    Germany
    Firm:
    Paul Hastings LLP

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