Page 5 - ஜெர்மன் வணிகரீதியானது குறியீடு News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Tuesday, January 26, 2021 A comprehensive change to German insolvency and restructuring law has become effective starting 1 January 2021. The change allows that a company s reorganization is possible without insolvency and includes the majority decision of its creditors. In its final session in 2020, the German Bundestag passed the so-called Act on the Further Development of Restructuring and Insolvency Law (SanInsFoG), which will be applicable starting 1 January 2021. The law is based, among other things, on an EU directive that requires all member states to allow non-insolvency restructuring. The expected economic dislocations, as a result of the Covid-19 pandemic, have prompted German lawmakers to bring forward this legislative project and also create additional extensive mitigations for the economic consequences of the lockdown for companies.

German federal courtDevelopment of restructuringGerman bundestagFurther developmentInsolvency lawRestructuring framework actGerman insolvency codeGerman commercial codeGerman insolvency actInsolvency codeஜெர்மன் கூட்டாட்சியின் நீதிமன்றம்வளர்ச்சி ஆஃப் மறுசீரமைப்புமேலும் வளர்ச்சிநொடித்துப்போனது சட்டம்மறுசீரமைப்பு கட்டமைப்பு நாடகம்ஜெர்மன் நொடித்துப்போனது குறியீடு