englischIn reorganization law, companies are provided with numerous instruments that give them an economic advantage over their competitors: Insolvency benefits, special termination rights, enforcement moratorium, financing effects – failure is rewarded in commercial law. What is a successful [...]
more informationenglischThis dissertation clarifies a largely unresolved problem about executory contracts in bankruptcy proceedings. Particularly, how to deal with burdens on creditors that arise while waiting for assumption or rejection. It contains an assessment of whether bankruptcy law should be supplemented [...]
more informationenglischThe Act to Facilitate the Handling of Group Insolvencies introduced the coordination plan into the Insolvency Code as the central procedural instrument of the new coordination proceedings. The lack of binding force and additional costs have so far led to insolvent corporate groups not using [...]
more informationenglischThe liability of the insolvency administrator pursuant to sec. 60 InsO is a continuous subject of legal discourse. There are repeated calls for a limitation of the liability risk. This work pursues a new approach: the fundamentals and function of the insolvency administrator's liability are [...]
more informationenglischThe economic importance of restructuring of group insolvency law in the international context is constantly growing. This work highlights and describes opportunities, efficiency, and effects of a coordinated approach in group insolvency proceedings. In this context it examines the [...]
more informationenglischThe German StaRUG implements the centrepiece of the European Restructuring Directive: the preventive restructuring framework. Against the background of the Directive, a fundamental change in the pre-insolvency framework was required. At the same time, the Directive gave reason to rethink [...]
more informationenglischThe process for determining insolvency claims (Forderungsfeststellungsverfahren) is a key element of administration proceedings (Gesamtvollstreckung). The outcome of the claims determination process (Feststellungsverfahren) is binding for the concurrent creditors as well as the administrator [...]
more informationMit Stärkung des Eigenverwaltungsverfahrens durch das ESUG ist auch die Frage der Haftung von Geschäftsleitungsorganen immer wieder in den Mittelpunkt gerückt und wurde – zumindest für die GmbH – bereits umfassend behandelt. Nach welchen Vorschriften die Geschäftsführungsorgane von [...]
more informationenglischContinuation of companies as going concerns under insolvency conditions requires liquidity, in particular during the critical period of interim proceedings. In this regard, the author looks at the usual German practice of allowing the debtor to realise and use the proceeds of collateral for [...]
more informationenglischThe principle of ex officio examination, set out in Section 5 paragraph 1 sentence 1 InsO, suggests that the usual difficulties related to proving substantial facts are of little importance in the context of insolvency law. Based on the fundamental principles of civil procedure with regards [...]
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