Effective January 1, 2021, after only a few weeks of parliamentary deliberation, the so-called “Act on the Further Development of the Restructuring and Insolvency Law (SanInsFoG)” has introduced significant changes to German Insolvency Law. In addition to entirely new pre-insolvency restructuring measures (“Law on Stabilization and Restructuring Framework for Enterprises (StaRUG)”) mandated by Directive (EU) 2019/1023 of June 20, 2019, the German lawmakers have fine-tuned and amended some of the regulations introduced in early 2020 that were intended to ease the pressure on companies affected by the COVID-19 pandemic. With the goal of preventing the insolvency of viable companies in financial difficulties, not least due to the current pandemic, the new measures offer companies a toolbox of flexible pre-insolvency restructuring...To read the full article, please see the PDF file
*This article is also available in Japanese.
*February 17, 2021 Made some minor corrections.
- It is also available in PDF.
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Europe Newsletter (February 16, 2021) (746 KB / 3 pages)
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Dominik serves as co-representative of our offices in Frankfurt and Düsseldorf, Germany. He advises Japanese companies on corporate and cross-border M&A matters, as well as European companies regarding their business expansion into Southeast Asia (notably Indonesia, Thailand and Vietnam). He has a wealth of international experience and brings unique insights into deal-making across different cultures in both emerging and mature markets. Before joining the Tokyo office of Nishimura & Asahi in November 2019, Dominik worked at Clifford Chance (based out of Düsseldorf, Germany, and New York) and as in-house counsel at Pfizer, Inc. (New York).