Volker Gattringer

German Supreme Court renders ipso facto clauses invalid and unenforceable – Roma locuta, causa finita?

An ipso facto clause is a contractual provision which states that a contract or agreement automatically terminates or may be terminated by a party if bankruptcy proceedings have been instituted over the other party’s assets....more

2/27/2013 - Debtors EU Insolvency Ipso Facto Clauses