Tag Archive: reform

German insolvency reforms (part III): Insolvency of group companies

In January 2012 the first step of the reform plans for German insolvency law came into effect, remodeling the restructuring opportunities for companies in insolvency proceedings and increasing the influence of creditors. The second step, remodeling the insolvency proceedings applicable to individuals, has passed the Bundestag and the Bundesrat in May and June 2013. Now …

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