New Angles For Investors In German Insolvencies

Law360, New York (February 16, 2012, 5:54 PM EST) -- A bill introducing a new law to facilitate corporate restructurings was approved by the German Parliament (the Bundestag) and the German Federal Assembly (the Bundesrat) in the form proposed by the parliament’s justice committee on Oct. 26, 2011.[1] The bill will radically change German insolvency law from its effective date on March 1, 2012 — incentivizing management to make use of insolvent corporate restructurings in Germany more easily and giving both the debtor’s management and the creditors more options.

The changes focus on three main areas:...
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