Insights & News
© 2016 Debevoise & Plimpton LLP
Germany Amends Insolvency Regime
9 March 2012
Germany amended insolvency regime with effect as of March 1, 2012. A new preliminary creditors’ committee will allow creditors to influence appointment of insolvency administrators.
By utilizing an insolvency plan it is now possible to achieve a debt to equity swap without approval of existing shareholders which increases the flexibility for insolvency restructurings and gives investors more incentive to invest in the debt of stressed or distressed companies.
Philipp von Holst
Debevoise Advises Rexel in the Placement of €650 Million Senior Notes
Debevoise Names Seven New Partners
28 Law Firms Publish White Paper Addressing Trust Indenture Act Complications In Debt Restructurings
Christopher Updike Named “Outstanding Young Restructuring Lawyer” by
Turnarounds & Workouts