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German Act on the Further Development of Restructuring and Insolvency Law (SanInsFoG) | K&L Gates LLP

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A comprehensive change to German insolvency and restructuring law has become effective starting 1 January 2021. The change allows that a company s reorganization is possible without insolvency and includes the majority decision of its creditors.
In its final session in 2020, the German Bundestag passed the so-called Act on the Further Development of Restructuring and Insolvency Law (SanInsFoG), which will be applicable starting 1 January 2021. The law is based, among other things, on an EU directive that requires all member states to allow non-insolvency restructuring. The expected economic dislocations, as a result of the Covid-19 pandemic, have prompted German lawmakers to bring forward this legislative project and also create additional extensive mitigations for the economic consequences of the lockdown for companies. ....

German Federal Court , Kl Gates , Development Of Restructuring , German Bundestag , Further Development , Insolvency Law , Restructuring Framework Act , German Insolvency Code , German Commercial Code , Suspension Act , German Insolvency Act , Insolvency Code , ஜெர்மன் கூட்டாட்சியின் நீதிமன்றம் , க்ல் வாயில்கள் , வளர்ச்சி ஆஃப் மறுசீரமைப்பு , மேலும் வளர்ச்சி , நொடித்துப்போனது சட்டம் , மறுசீரமைப்பு கட்டமைப்பு நாடகம் , ஜெர்மன் நொடித்துப்போனது குறியீடு , ஜெர்மன் வணிகரீதியானது குறியீடு , இடைநீக்கம் நாடகம் , ஜெர்மன் நொடித்துப்போனது நாடகம் , நொடித்துப்போனது குறியீடு ,

German Act on Bankruptcy and Restructuring

Tuesday, January 26, 2021
A comprehensive change to German insolvency and restructuring law has become effective starting 1 January 2021. The change allows that a company s reorganization is possible without insolvency and includes the majority decision of its creditors.
In its final session in 2020, the German Bundestag passed the so-called Act on the Further Development of Restructuring and Insolvency Law (SanInsFoG), which will be applicable starting 1 January 2021. The law is based, among other things, on an EU directive that requires all member states to allow non-insolvency restructuring. The expected economic dislocations, as a result of the Covid-19 pandemic, have prompted German lawmakers to bring forward this legislative project and also create additional extensive mitigations for the economic consequences of the lockdown for companies. ....

German Federal Court , Development Of Restructuring , German Bundestag , Further Development , Insolvency Law , Restructuring Framework Act , German Insolvency Code , German Commercial Code , German Insolvency Act , Insolvency Code , ஜெர்மன் கூட்டாட்சியின் நீதிமன்றம் , வளர்ச்சி ஆஃப் மறுசீரமைப்பு , மேலும் வளர்ச்சி , நொடித்துப்போனது சட்டம் , மறுசீரமைப்பு கட்டமைப்பு நாடகம் , ஜெர்மன் நொடித்துப்போனது குறியீடு , ஜெர்மன் வணிகரீதியானது குறியீடு , ஜெர்மன் நொடித்துப்போனது நாடகம் , நொடித்துப்போனது குறியீடு ,

Gibson Dunn | 2020 Year-End German Law Update

January 14, 2021
In 2020, the COVID-19 pandemic taught the world another lesson about the unpredictability of life. Each country responded to the challenges posed by the pandemic in its own way. The German Government in its familiar technocratic and sober approach quickly unlocked massive financial resources to mitigate any immediate economic damage. It supported a further relaxation of the purse strings at EU level and put legislative acts in place that helped manage the uncertainty in the most affected industries for now. Hit by a second wave of the pandemic in an unexpectedly hard way, Germany is now left wondering whether the country really was smart in the spring or just lucky. The new year 2021 will provide the answer to this question. ....

Baden Wuberg , Nordrhein Westfalen , United States , United Kingdom , Markus Rieder , Jens Olrik Murach , Ralf Van Ermingen Marbach , Annekatrin Schmoll , Daniel Gebauer , Wiederaufbau Kf , Marcus Geiss , Richard Roeder , Hans Martin Schmid , Carla Baum , Markus Nauheim , Alexander Horns , Mark Zimmer , Finn Zeidler , Lutz Englisch , Dirk Oberbracht , Friedrich Wagner , Caroline Ziser Smith , Sonja Ruttmann , Wilhelm Reinhardt , Angela Merkel , Georg Weidenbach ,

New German restructuring law finally comes into force | Hogan Lovells

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As reported earlier, a new corporate restructuring law will be enacted in Germany. The new law s centerpiece will be the so-called stabilization and restructuring framework (
SRF
Bundestag
) passed the law on 17 December 2020. On 18 December 2020 the law was also accepted by the Federal Council (the
Bundesrat
). It will come into force on 1 January 2021, already. Before the background of the COVID-19 pandemic the German Insolvency Code has also been modified, in particular with regard to the insolvency grounds, the duty to file for insolvency and the debtor in possession proceedings. ....

Hogan Lovells , Council The Bundesrat , German Parliament The Bundestag , German Parliament , Federal Council , German Insolvency Code , ஹோகன் லவ்ல்ஸ் , ஜெர்மன் பாராளுமன்றம் , கூட்டாட்சியின் சபை , ஜெர்மன் நொடித்துப்போனது குறியீடு ,