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    COVID-19 in Germany: Immediate Measures to Gain State Aid Financing (KfW Credit et al)
    2020-03-18

    The German government announced that it will expand the KfW financing programme.

    Filed under:
    Germany, Banking, Insolvency & Restructuring, Latham & Watkins LLP
    Authors:
    Frank Grell , Jörn Kowalewski , Ulrich Klockenbrink
    Location:
    Germany
    Firm:
    Latham & Watkins LLP
    COVID-19 - Temporary Suspension of the Obligation to File for Insolvency in Germany
    2020-03-18

    According to the ministry, the draft bill has been prepared, and a first reading in the Bundestag is scheduled for March 25, 2020. It is expected that the law will come into force this month. According to the aforementioned press release, the temporary suspension of the obligation to file for insolvency will be subject to the following conditions:

    Filed under:
    Germany, Insolvency & Restructuring, McDermott Will & Emery, Coronavirus
    Authors:
    Uwe Goetker , Dr. Matthias Kampshoff , Dr. Marc Oberhardt
    Location:
    Germany
    Firm:
    McDermott Will & Emery
    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
    Drohende Insolvenz wegen nachzuzahlender SV-Beiträge
    2019-07-31

    Eine Betriebsprüfung beim Arbeitgeber kann dazu führen, dass Sozialversicherungsbeiträge nachgefordert werden. Die Folge kann eine drohende Insolvenz sein.

    Filed under:
    Germany, Employment & Labor, Insolvency & Restructuring, CMS Germany, Social security
    Authors:
    Dr. Alexander Bissels , Dr. Felix Fuchs
    Location:
    Germany
    Firm:
    CMS Germany
    Nichterfüllungswahl des Insolvenzverwalters in der D&O-Versicherung
    2019-08-05

    Mit rechtskräftig gewordenem Urteil vom 06.03.2019 (Az. 5 O 234/17) hat das Landgericht Wiesbaden entschieden, dass es dem Insolvenzverwalter und allen versicherten Personen verwehrt ist, Versicherungsschutz für Inanspruchnahmen zu verlangen, die einer Versicherungsperiode zuzuordnen sind, für die der Insolvenzverwalter die Nichterfüllung des D&O-Versicherungsvertrags gewählt hat.

    Filed under:
    Germany, Insolvency & Restructuring, Insurance, Litigation, Clyde & Co LLP
    Authors:
    Dr. Daniel Kassing, LL.M.
    Location:
    Germany
    Firm:
    Clyde & Co LLP
    D&O insurance and section 103 InsO
    2019-08-05

    In a final ruling dated 6 March 2019 (Case ref.: 5 O 234/17), the Regional Court of Wiesbaden decided that the insolvency administrator and all insured persons are not entitled to claim insurance coverage for claims attributable to an insurance period for which the insolvency administrator has chosen not to fulfi l the D&O insurance contract.

    Filed under:
    Germany, Insolvency & Restructuring, Insurance, Litigation, Clyde & Co LLP
    Authors:
    Dr. Daniel Kassing, LL.M.
    Location:
    Germany
    Firm:
    Clyde & Co LLP

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