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What happens to direct life insurances in the event of an employer’s insolvency in Germany?

  • Herbert Smith Freehills LLP
  • -
  • Germany
  • -
  • September 30 2010

The Federal Labour Court has ruled on the fundamental issue of who will be entitled to the rights under a life insurance policy concluded by the employer in the employee's favour in the event that an employment relationship comes to an end in the course of the employer's insolvency proceeding