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Covid-19 Update: Act to further shorten the residual debt discharge procedure | Allen & Overy LLP

To embed, copy and paste the code into your website or blog: The German Federal Parliament approved the government draft bill for an “Act to further shorten the residual debt discharge procedure” (Federal Parliamentary Doc. 19/21981, 19/22773) on 17 December 2020 in the version of the Legal and Consumer Protection Committee (the Committee, Federal Parliamentary Doc. 19/25251, 19/25322) in the Committee version (the Covid-19 Act) on the basis of the resolution proposed and the report submitted by the Committee. The path towards the speedy promulgation by the Federal President is clear, as the Federal Council raised no objections against this omnibus act (Federal Council Doc. 761/20). Apart from other regulatory areas, provisions were made through the Covid-19 Act in the civil law and the civil procedure law for lease and tenancy agreements for land or premises which are not residential premises, and Art. 240 EGBGB as well as the EGZPO were extended through the introduction of new

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