Insights & News
© 2015 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
Dr. Peter Wand
Four Debevoise Partners Recognized as MVPs by
Debevoise Advises NLMK Group in a $400 Million Pre-Export Finance Facility
Debevoise Advises Kelso & Company in Acquisition of J.M. Smucker Company’s U.S. Canned Milk Brands and Operations
Debevoise Advises Activision Blizzard in $5.9 Billion Acquisition of King Digital Entertainment