Germany’s response to Covid-19: expanding the restructuring and distressed M&A toolbox

Author: Hengeler Mueller | Published: 16 Apr 2020

Hengeler Mueller lawyers review the efforts of German lawmakers to support companies, including amendments to insolvency legislation

With unprecedented speed and magnitude even exceeding the response to the financial crisis of 2008-9, Germany enacted legislation on March 27 2020 containing a bundle of far-reaching changes to, inter alios, insolvency, civil and corporate laws with the aim to mitigate the negative impacts of the Covid-19 pandemic, known as the Mitigation Act. These legislative changes abolish or mitigate a number of typical legal concerns associated with German restructurings, thereby expanding the legal restructuring toolbox....