Temporary "defusing" of the insolvency application reason of overindebtedness

"The current various crises are resulting in considerable financial burdens for companies and making it difficult for them to plan ahead. In response to this, the Act on the Temporary Adaptation of Restructuring and Insolvency Law Provisions to Mitigate the Consequences of Crises (Restructuring and Insolvency Law Crisis Consequences Mitigation Act - SanInsKG) came into force on November 9, 2022."

Our experts Dr. Daniel Schmitz and Dr. Jakob Bünemann provide an overview of the Act in this specialist article.