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Vigorous exchange of ideas during first ESUG seminar

At the invitation of BvCM’s Insolvency Law working group and host Brillux, 55 participants came to Münster to attend an introduction regarding the numerous reforms implemented by the ESUG and respective impacts on creditors.

Following a warm welcome speech by Brillux’s head of claims management department Mr. Rainer Mense, attorney at law Lutz Paschen gave an introduction to the seminar’s subject. Subsequently, attorneys at law Michael Schmidt and Matthias Marzluf provided a detailed outline on the ESUG. Special interest was paid to the creditor rights extension within the scope of the preliminary creditor committee and the selection of the insolvency administrator as well as the extensive changes of the insolvency plan procedure. Similar seminars will shortly be held at Autostadt Wolfsburg and BvCM member HeidelbergCement.