Through implementing the EU Restructuring Directive, German restructuring and insolvency law will be modernized, more effective, and enriched by new instruments.
On 17 December 2020, the German Bundestag passed the Act on...more
The Federal Ministry of Justice and Consumer Protection (BMJV) now implements, with great commitment and unprecedented speed, what it has generally announced on 16 March 2020:
..The suspension of the obligation to file for...more
In light of the UK’s cram down and director-friendly processes, in particular its scheme of arrangement model, major European economies such as France, Germany and Italy have worked hard to develop regimes that give greater...more
6/7/2016
/ Bankruptcy Reform ,
Commercial Bankruptcy ,
Cramdown ,
Creditors ,
Debt Restructuring ,
Debtors-in-Possession ,
Directors ,
EU ,
France ,
Germany ,
Insolvency ,
Italy ,
Spain ,
UK
Frank Grell is a partner at Latham & Watkins who chairs the firm’s German Restructuring and Insolvency Practice. Grell reflects on some of the major changes brought about by Germany’s 2012 Insolvency Act (Insolvenzordnung),...more