German Insolvency Law – a Leap Forward | White & Case LLP International Law Firm, Global Law Practice
German Insolvency Law – a Leap Forward

German Insolvency Law – a Leap Forward

Creditors have often complained that German insolvency law does not give them sufficient influence in insolvency proceedings. On 1 March 2012 new amendments to the German bankruptcy code came into force which go some way towards ameliorating this concern and make a host of changes which should improve German insolvency law to facilitate an insolvency culture which facilitates reorganisation rather than liquidation of assets.

This client alert provides an overview of the key changes.

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