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Debt Collection Germany

White & Case LLP

Implementation of the Credit Servicers Directive in Germany: A game-changer in the NPL-market

White & Case LLP on

The Directive (EU) 2021/2167 sets out a harmonized regulatory framework for services in relation to non-performing loans and has to be implemented by Member States by 29 December 2023. In Germany, the draft bill of the Credit...more

King & Spalding

Recognition of Part 26A Restructuring Plans in Germany

King & Spalding on

German real estate company Adler recently made headlines by successfully implementing a €6bn restructuring by way of a UK Part 26A Restructuring Plan. The Plan involved the subordination of Adler’s existing notes to new money...more

Hogan Lovells

Cartel damages: Germany, the assignment model and debt collection services – an update

Hogan Lovells on

Germany doesn’t offer claimants a true U.S. or UK style class action regime. Claimants will therefore seek alternative ways to join forces and bundle their claims using the so-called assignment-model as a favoured solution....more

Hogan Lovells

New German Legal Tech Act

Hogan Lovells on

On Friday, 1 October 2021, the German Act to Promote Consumer-Oriented Offers in the Legal Services Market [Gesetz zur Förderung verbrauchergerechter Angebote im Rechtsdienstleistungsmarkt – so called "Legal Tech Act"] enters...more

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