Nach der Implementierung des StaRUG-Verfahrens in 2021 zeichnet sich abermalig die Einführung eines neuen sanierungsrechtlichen Verfahrens ab. Auch wenn der europäische Gesetzgebungsprozess sich noch in einem frühen Stadium...more
In response to the economic effects of the COVID-19 pandemic and market uncertainty, plethora of financing measures was introduced at EU level, German federal level and German state’s level. In their joint effect, these...more
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")....more
Wie bereits berichtet erhält Deutschland ein neues Restrukturierungsrecht für Unternehmen, dessen Herzstück der sogenannte Stabilisierungs- und Restrukturierungsrahmen („SRR“) ist. Der Bundestag hat das entsprechende Gesetz...more
In response to the economic effects of the COVID-19 pandemic and market uncertainty, plethora of financing measures was introduced at EU level and German federal level. In their joint effect, these measures are aimed at...more
12/18/2020
/ Coronavirus/COVID-19 ,
EU ,
Federal Funding ,
Financial Distress ,
Financing ,
Freelance Workers ,
Germany ,
Liquidity ,
Relief Measures ,
Small and Medium-Sized Enterprises (SMEs) ,
Special Purpose Vehicles
Financial Institutions Horizons is a snapshot of key legal topics and market trends across the globe, shaping the future of the financial institutions market.
When we conceived the Horizons series in 2018, the financial...more
12/16/2020
/ Biden Administration ,
China ,
Coronavirus/COVID-19 ,
Cybersecurity ,
Financial Institutions ,
FinTech ,
Infectious Diseases ,
Investigations ,
Libor ,
Sustainable Business Practices ,
UK Brexit
Germany's new restructuring regime is expected to come into force 0n 1 January 2021. At the heart of the new regulation is the introduction of a so-called stabilization and restructuring framework (“SRF”) for companies....more
Deutschland erhält ein neues Restrukturierungsrecht, und zwar voraussichtlich ab 1. Januar 2021. Herzstück der im aktuellen Gesetzesentwurf vorgesehenen Neuregelungen ist die Schaffung des sogenannten Stabilisierungs- und...more
In response to the economic effects of the COVID-19 pandemic and market uncertainty, plethora of financing measures was introduced at EU level, German federal level and German states levels. In their joint effect, these...more
The huge economic impact of the worldwide COVID-19 pandemic has long since reached the German economy. For many industries, the business climate has deteriorated massively. Stores remain closed, supply chains are affected,...more
We give an overview of the possible effects of the corona crisis on existing facility agreements under German law if borrowers get into financial difficulties due to the crisis. ...more
Since its discovery in December 2019, the novel coronavirus that causes the disease COVID-19 has disrupted global business activity and public life on a massive and growing scale. And no one knows how long these disruptions...more
3/16/2020
/ Aircraft ,
Airlines ,
Aviation Industry ,
Business Interruption ,
China ,
Coronavirus/COVID-19 ,
Crisis Management ,
Emergency Management Plans ,
Employer Liability Issues ,
Federal Aviation Administration (FAA) ,
Infectious Diseases ,
Mandatory Requirements ,
Public Health ,
Ticket Pricing ,
Workplace Safety
The Preventive Restructuring Frameworks Directive (EU) 2019/1023 is finally in force. Following its implementation into EU member states’ national law, the directive will hopefully prove an effective tool for Europe’s...more
8/25/2019
/ Commercial Bankruptcy ,
Creditors ,
Debt Restructuring ,
Debtors ,
Economic Downturn ,
EU ,
EU Directive ,
Framework Agreement ,
Insolvency ,
Loans ,
Recessions ,
UK Brexit
Recently the German legislature passed a new law, exempting extraordinary profits created by the waiver of claims under restructurings from income tax liability. ...more
11/27/2018
/ Business Profits ,
EU ,
Exemptions ,
Germany ,
Income Taxes ,
Insolvency ,
New Legislation ,
Regulatory Standards ,
Restructuring ,
State Aid ,
Tax Liability