Germany nears revamped restructuring rules

By Owen Sanderson
08 Oct 2020

Germany is set to implement a total revamp of its corporate restructuring rules from next year, with a draft bill overhauling a court-led regime more than 25 years old and replacing it with rules law firm Kirkland & Ellis called ‘best practice’.

The revamp stems from the same source as the UK and Dutch restructuring reforms — the European Union’s directive on insolvency, published last year. As a directive, this aims to harmonise EU approaches but leaves implementation up to national governments.

The UK restructuring regime was already ...

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