Corporate insolvencies increased in 2023

Paths to corporate restructuring According to the Federal Statistical Office, the number of corporate insolvencies in Germany between January and September 2023 has risen by 24.7 percent. In absolute numbers, this means that 13,270 companies have filed for insolvency during this period. The increasing number of insolvencies, according to the law firm MTR Legal Attorneys, […]

SanInsKG – Temporary Changes in Insolvency Law

Due to the economic consequences of the Ukraine war, the federal government has decided on temporary adjustments in restructuring and insolvency law. The so-called SanInsKG has already come into force. Disrupted supply chains and rising energy prices present many companies with a major problem after the Corona crisis. The federal government has responded to this […]

Avoidance of Bankruptcy

The rising energy prices present many companies with great financial challenges. Managing directors must be aware that an insolvency application must be filed in a timely manner. According to corporate law, managing directors or executive bodies are obliged to file for insolvency immediately upon the occurrence of insolvency, at the latest within three weeks. Reasons […]