Tag Archive: debtor-in-possession

Local Court of Cologne: “Essential” creditors may prevent a debtor-in-possession proceeding

1. Recent Decision by the Local Court of Cologne Under § 270 (2) no. 2 of the German Insolvency Code (“InsO”) a German insolvency court may only grant an order to open insolvency proceedings as debtor-in-possession proceeding (Eigenverwaltung) if the insolvency court finds “that no circumstances are known which lead to the expectation that the …

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