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
Final Related-Party Debt Regulations Provide Exceptions for Insurance Industry
Treasury and IRS Issue Final Regulations Restricting Earnings Stripping Through Related-Party Debt
Debevoise Advises Johnson & Johnson in the Purchase of Global Rights to Rhinocort Aqua Outside the U.S. from AstraZeneca
Debevoise Advises Brand in Buyout of Harsco’s Equity Interest