DKS floats majority clauses in Schuldschein market

Germany
By Silas Brown
25 Jul 2019

Deutsche Kreditmarkt-Standards (DKS), a German industry body, held a conference call with Schuldschein participants on Thursday afternoon to discuss restructuring in the Schuldschein market, and whether there is a case for a standardised collective action clause.

“DKS is a German LMA [Loan Market Association],” said Jörg Keibel, deputy chairman of the DKS. “The industry body has a lot of banks involved in the German market, as well as lawyers and consultants.”

DKS was formed in late 2011 by founding members including Commerzbank and Mayer ...

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