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    German Federal Court (BGH) bolsters creditor's rights in debtor in possession proceedings by ruling on director's liability vis-à-vis creditors
    2018-05-22

    In its April 2018 decision, the BGH ruled on the question whether the directors of a company that has been granted debtor in possession status by the respective insolvency court can become personally liable for a breach of a duty of care vis-à-vis the creditors like an insolvency administrator. The underlying legal question was the subject of a controversial academic discussion in the past.

    Filed under:
    Germany, Company & Commercial, Insolvency & Restructuring, Litigation, White & Case, Debtor in possession, Directors' duties, Federal Court of Justice
    Authors:
    Riaz K. Janjuah , Sylvia Fiebig , Jonas Tangermann
    Location:
    Germany
    Firm:
    White & Case
    BGH: Geschäftsleiter in Eigenverwaltung haften den Beteiligten gegenüber wie Insol-venzverwalter
    2018-05-24

    Mit Urteil vom 26. April 2018 (IX ZR 238/17) hat der IX. Zivilsenat des Bundesgerichtshofs (BGH) erstmals die in Literatur und Praxis bisher hochumstrittene Frage entschieden, ob Geschäftsleiter einer eigenverwalteten Gesellschaft bei Verletzung der ihnen obliegenden insolvenzspezifischen Pflichten gegenüber Dritten gemäß §§ 60, 61 InsO analog grundsätzlich persönlich haftbar gemacht werden können. Der BGH hat in seinem Urteil eine solche persönliche Haftung angenommen und damit die Haftung von Geschäftsführern und Vorständen in der Eigenverwaltung verschärft.

    Filed under:
    Germany, Insolvency & Restructuring, Noerr PartGmbB, Federal Court of Justice
    Authors:
    Marlies Raschke
    Location:
    Germany
    Firm:
    Noerr PartGmbB
    Berlin to Korneuburg: NIKI's insolvency proceedings
    2018-05-25

    Introduction

    Filed under:
    Germany, Insolvency & Restructuring, Litigation, Clifford Chance
    Authors:
    Cristina Weidner
    Location:
    Germany
    Firm:
    Clifford Chance
    Reform: Neues Insolvenzanfechtungsrecht zugunsten von Arbeitnehmern
    2018-06-04

    Die neue Reform des Insolvenzanfechtungsrecht durch den Gesetzgeber löst einige Rechtsfragen des BAG und BGH zugunsten von Arbeitnehmern.

    Filed under:
    Germany, Employment & Labor, Insolvency & Restructuring, Litigation, CMS Germany
    Authors:
    Dr. Boris Alles , Anna Schwarzer
    Location:
    Germany
    Firm:
    CMS Germany
    The perfect restructuring - a view from Germany: Part 2: kick-off with the works council
    2018-06-05

    The second in a series on ‘the perfect restructuring’ in an employment law context, this article examines best practice for handling the kick-off with the works council for a business restructure from a German perspective.

    By: Markus Janko

    Member Firm: Kliemt.Arbeitsrecht

    Filed under:
    Germany, Employment & Labor, Insolvency & Restructuring, Ius Laboris
    Location:
    Germany
    Firm:
    Ius Laboris
    The perfect restructuring - a view from Germany: Part 3: negotiations on the balance of interests agreement
    2018-06-18

    The third of a series on ‘the perfect restructuring’ in an employment law context, this article provides recommendations from a German perspective for conducting negotiations with the works council to reach a balance of interests agreement prior to and during the conciliation board phase of a restructuring.

    By: Markus Janko

    Firm: KLIEMT.HR Lawyers

    Filed under:
    Germany, Employment & Labor, Insolvency & Restructuring, Ius Laboris
    Location:
    Germany
    Firm:
    Ius Laboris
    German Insolvency Law - The Insolvency Administrator’s Right to Choose or Reject Performance
    2018-06-21

    Within German contract law, the principle of being bound by a contract (pacta sunt servanda), i.e. the obligation to fulfill agreements, applies. In case of the insolvency of one of the contractual parties, however, exceptions are made. Upon the opening of the insolvency proceedings, the principle of being bound by a contract is modified. 

    Filed under:
    Germany, Insolvency & Restructuring, Mayer Brown
    Authors:
    Dr. Marco Wilhelm , Dr. Malte Richter , Tina Hoffmann
    Location:
    Germany
    Firm:
    Mayer Brown
    Deutsches Insolvenzrecht - Das Wahlrecht des Insolvenzverwalters
    2018-06-21

    Im deutschen Vertragsrecht gilt das Prinzip der Vertragstreue (pacta sunt servanda), welches die Verpflichtung zur Erfüllung von Verträgen zum Gegenstand hat. Hiervon werden im Falle der Insolvenz einer Vertragspartei Ausnahmen gemacht. Mit Eröffnung des Insolvenzverfahrens wird das Prinzip der Vertragstreue modifiziert. 

    Filed under:
    Germany, Insolvency & Restructuring, Mayer Brown
    Authors:
    Dr. Marco Wilhelm , Dr. Malte Richter , Tina Hoffmann
    Location:
    Germany
    Firm:
    Mayer Brown
    The right to set-off during insolvency proceedings
    2018-03-21

    mayer brown 1 März | March 2018 Deutsches Insolvenzrecht Die Aufrechnung in der Insolvenz German Insolvency Law The right to set-off during insolvency proceedings 2 Deutsches Insolvenzrecht | German Insolvency Law Nach dem deutschen Insolvenzrecht besteht das Recht zur Aufrechnung des Insolvenzgläubigers auch in der Insolvenz des Schuldners fort, wenn er zur Zeit der Eröffnung des Insolvenzverfahrens kraft Gesetzes oder auf Grund einer Vereinbarung zur Aufrechnung berechtigt war. Zum Zeitpunkt der Insolvenzeröffnung bestehende Aufrechnungslagen sind somit „insolvenzfest“.

    Filed under:
    Germany, Insolvency & Restructuring, Mayer Brown
    Location:
    Germany
    Firm:
    Mayer Brown
    Russland: Keine Steuerfreiheit von Gewinnen aus Forderungsverzichten ab 2018
    2018-02-06

    Bundesgesetz Nr. 286-FZ vom 30. September 2017 über die Einführung von Änderungen des zweiten Teils des Steuergesetzbuches und einiger Gesetzgebungsakte der Russischen Föderation

    Hintergrund

    Filed under:
    Germany, Russia, Insolvency & Restructuring, Tax, Advant Beiten, Tax exemption, Balance sheet
    Authors:
    Anna Lesova , Florian Teichert
    Location:
    Germany, Russia
    Firm:
    Advant Beiten

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