Insolvency filing obligation in force again without restriction

Pursuant to Section 15a InsO or Section 42(2) BGB, the legal representatives of German corporations and associations are obliged to file an insolvency petition when their organization is practically insolvent. This obligation had been suspended... read more

Insolvency Suspension Act extended until April 30, 2021

The COVID19-Insolvency Suspension Act (COVInsAG) to mitigate the consequences of the COVID-19 pandemic in civil, insolvency and criminal procedural law, is entering into overtime. Having already been extended twice, the regulations, which were... read more

In-house counsel recommend PASCHEN as a TOP law firm in Insolvency law

PASCHEN Rechtsanwälte was once again placed highly in this year’s review by the Deutschen Institut für Rechtsabteilungen und Unternehmensjuristen (diruj). 

Leading law firm & leading lawyer in insolvency law

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SanInsFoG: public consultation for the committee of right and consumer protection of the Bundestag

On November 18, 2020, the Act on the Further Development of Reorganization and Insolvency Law (SanInsFoG) passed its first reading in the Bundestag and already has been referred to the Committee for Legal Affairs and... read more

Far-reaching changes in insolvency law including pre-insolvency restructuring proceedings to be implemented as early as January 2021

Against the background of the persisting COVID-19 pandemic, the German Federal Ministry of Justice (BMJV) presented a far-reaching draft bill. With effect from January 1, 2021, a pre-insolvency restructuring procedure is to be introduced to... read more

Extension of the suspension of the obligation to file for insolvency: Valerian for those affected?

As the coalition committee of the Federal Government decided on Monday, 25th August 2020, the regulation on the suspension of the obligation to file for insolvency is to be extended. Nevertheless: this autumn could be extremely unpleasant not... read more

Digitization boost by COVID-19

According to the German Civil Procedure Code (ZPO), online court hearings have been permitted for some time now, but have almost always failed due to the sceptical attitude of many judges. Against the background of the current crisis, a slow... read more

Webinar CORONA COMPACT for creditors successfully launched

Against the background of the Covid-19 pandemic, PASCHEN Rechtsanwälte, together with Deutsche Kongress GmbH, has launched an “Emergency Aid Program” in the form of a seminar, which is intended to guide companies through the crisis.... read more

Home sweet home: Greetings from the living room

Half of Germany is currently working from home due to the corona pandemic. We at PASCHEN Rechtsanwälte are no exception – most of our attorneys and paralegals moved their office into their own four walls weeks ago and since then mainly... read more

Criticism of Adidas & Co. causes serious misunderstandings

As a law firm working for numerous medium-sized companies, PASCHEN Rechtsanwälte feels obliged to comment on a legal issue currently under public discussion. The announcement by Adidas and some other well-known commercial enterprises that they... read more