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On 1 January 2021 the Corporate Stabilisation and Restructuring Act (StaRUG) has come into force and introduced the new ‘Preventive Restructuring Framework’ in Germany

Germany - January 25 2021 Prior to the introduction of the Preventive Restructuring Framework by the StaRUG out-of-court restructurings in Germany other than the restructuring…

Béla Knof, Debbie Linde, Janina Ruster, Jonas Tangermann, Tobias Zündorf.

COVID-19 Pandemic - Comprehensive German Legislative Support Measures

Germany - March 27 2020 The economic shock and disruption caused by the outbreak of the SARS-CoV-2-Virus (COVID-19-pandemic) resulted in unprecedented circumstances for…

Dr. Alexander Kiefner, Dr. Carsten Lösing, Dr. Dennis Heuer, Jonas Tangermann, Stefan Bressler, Thilo Diehl, Tobias Zündorf.

Coronavirus Aid for Companies in Difficulties - Unprecedented Response from KfW, German government and EU Commission

European Union, Germany - March 19 2020 Last Friday, in response to the outbreak of the coronavirus pandemic (COVID-19), the German government announced various measures described as a big…

Alexander Kreibich, Christoph Arhold, Claire-Marie Mallad, Dr. Carsten Lösing, Dr. Dennis Heuer, Ingrid York.

Welcome back tax exemption for restructuring gains!

European Union, Germany - December 4 2018 On 28 November 2016 the German Federal Fiscal Court (FFC) (GrS BFH 1/15, published on 8 February 2017) held that the guidance on a reorganisation tax…

Dr. Dirk Eisolt.

German Federal Court (BGH) bolsters creditor's rights in debtor in possession proceedings by ruling on director's liability vis-à-vis creditors

Germany - May 22 2018 In its April 2018 decision, the BGH ruled on the question whether the directors of a company that has been granted debtor in possession status by the…

Jonas Tangermann, Sylvia Fiebig.