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
Treasury and IRS Provide New Spin-off Guidance
Debevoise Advises Greater Media in its Sale to Beasley Broadcast Group
Debevoise Advises Booz Allen Hamilton in Third Amendment to Credit Agreement
Debevoise Earns Three Global Legal Awards From
The American Lawyer