The
German Federal Ministry of Justice recently published a proposal to amend
the German Insolvency Code to provide substantial additional clarity to
the rights of parties in the event of the insolvency of a German licensor
of intellectual property. If implemented as proposed, such rules would
significantly improve the position of licensees in the licensor’s
insolvency.
The attached memorandum summarizes the implications of the German Federal Ministry of Justice' proposal. If you have any questions in this regard, please feel free to contact Werner Meier, Michael Kern, Christoph Schauenburg or any of your other regular contacts at Cleary Gottlieb.