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A comprehensive reform of German restructuring and insolvency law is imminent1 December 2020

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A significant change in German restructuring and insolvency law is coming soon. The new law, which is about to be discussed in Parliament, implements the European Restructuring Directive but also makes further important changes. For instance, it is expected be possible for a debtor to ask the court to terminate a contract outside of an insolvency procedure.

Please click on the DE link to read our German-language article on this important topic from Hamburg Partner Clemens Hillmer, Senior Consultant Dr. Klaus Schmid-Burgk and Associate Justus Langelittig.

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