German Banking Restructuring Law - Newspaper Article

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This is a short German language article which has been published in the German daily "Börsenzeitung" on 5 January 2011 on the new German act on the restructuring of failing financial institutions. It constitutes a major milestone in German legislation and draws upon the lessons learned during the recent crisis of the financial markets. It allows the reorganization of failing financial institutions either trough a voluntary reorganization procedure or by a forced spin-off to a newly created "bridge bank" or another existing bank of all or parts of the assets and liabilities of a failing financial institutions with systemic importance.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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