Company lawyers recommend PASCHEN for the sixth time in a row
In the current Kanzleimonitor 2021–2022 study by the German Institute for Legal Departments and Corporate Lawyers, PASCHEN Rechtsanwälte was again recommended as a leader in three areas.
Leading law firm and leading lawyer in... read more
ECJ: avoidance of transactions in insolvency proceedings in cross-border business
In insolvency proceedings conducted in Germany, it is particularly easy for insolvency administrators to successfully assert claims against creditors by means of insolvency avoidance. This practice is based on the administrator-friendly... read more
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... read more
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