Law relaxation helps German restructurings

Author: | Published: 12 Nov 2008

Distressed companies have been exiting Germany to restructure under more favourable regimes. But a recent relaxation of the law could make it easier for these companies to come to terms with creditors without migrating.

At the end of October, the German government voted to ease its laws on filing for insolvency. Lawyers hope that this will encourage indebted...