German Insolvency Code

Dr. Eberhard Braun Attorney at Law - CPA

doi:10.17104/9783406759079

Summary

German insolvency law has changed significantly in the past decade. This article-by-article commentary includes the consolidated and complete German insolvency law in English language. It provides answers to all practice-oriented questions concerning German insolvency and restructuring law. This book is a working aid for lawyers and restructuring experts dealing with German insolvency and restructuring law in English, as well as all insolvency and restructuring professionals who wish to use a reliable source in English. In addition to this, it acts as a useful help for decision makers or investors who want to get information about risks and their courses of action.

The second edition comments concisely on the current statute and on focus areas in cross-border situations. Seven country reports on the legal framework for restructuring and insolvency in France, Italy, the Netherlands, Poland, the UK, the US and Japan are included. They are accompanied by glossaries with specialist terms from insolvency law and the relevant legal texts from the respective countries.

The highlights of the book at a glance:

highly topical, including 25 reshaped laws in the law of insolvency as well as „Anfechtungsrechtsreform“ and „Konzerninsolvenzrecht“
reliable source of information
seven country reports including seven glossaries with specialist terms
numerous pertinent international legal texts

The general editor and the authors are experienced insolvency and restructuring specialists from Germany, the UK, Italy, the Netherlands, France, Poland, Japan and the US working for renowned law practices.

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Bibliographic data

Copyright year: 2020
ISBN-Print: 978-3-406-72238-7
ISBN-Online: 978-3-406-75907-9
Publisher: C.H.BECK Recht - Wirtschaft - Steuern, München
Language: English
Pages: 1134
Product type: Edited Book

Titelei/Inhaltsverzeichnis No access Pages I - LXXVIII
1. 1. Key Elements of the German Insolvency Framework No access
2. 2. The Insolvency Code – The Core of German Insolvency and Restructuring Law No access
3. 3. Historical Overview and Outlook No access
4. 4. How to Use This Commentary No access
1. Introduction No access
1. Introduction No access
1. Introduction No access
1. Introduction No access
2. 1. Historical Review No access
3. 2. Applicable Legal Provisions No access
1. Introduction No access
2. 1. Relevant domestic legislation No access
3. 1. a) Insolvency procedures available to insolvent individuals No access
  2. b) Corporate insolvency procedures No access
1. Introduction No access
1. Introduction No access
1. 1. 1. 1. Purpose of the Provision No access
    2. 2. Procedural Objectives No access
    3. 3. Standard Proceedings No access
    4. 4. Insolvency Plan Procedure No access
    5. 5. Discharge of Residual Debt No access
  2. 1. 1. Purpose of the Provision No access
    2. 1. a) Substantive Jurisdiction No access
      2. b) Functional Jurisdiction No access
    3. 3. Centralisation No access
    4. 1. a) Content of the Provision No access
      2. b) Opinion No access
    5. 5. Insolvency Proceedings with an International Dimension No access
  3. 1. 1. Purpose of the Provision No access
    2. 2. Jurisdiction No access
    3. 1. a) Acting in One’s Own Name No access
      2. b) Cessation of Business Operations No access
      3. c) Centre of Economic Activity No access
    4. 4. Place of General Jurisdiction No access
    5. 5. Referral No access
    6. 6. Appeal No access
    7. 7. Forum Shopping No access
  4. 1. 1. Situation Prior to the Reform No access
    2. 2. Purpose of the Single Place of Group Jurisdiction under the Reformed Law No access
    3. 3. Application Requirements No access
    4. 4. Right of Application No access
    5. 5. Several Applications Made Simultaneously No access
    6. 6. Decision by the Court No access
  5. Section 3b. Continuation of Place of Group Jurisdiction No access
  6. 1. 1. Purpose of the Provision No access
    2. 2. Content of the Provision No access
  7. 1. 1. Purpose of the Provision No access
    2. 2. Content of the Provision No access
  8. 1. 1. Purpose of the Provision No access
    2. 1. a) Ability to Exercise a Controlling Influence No access
      2. b) Consolidation under Common Management No access
      3. c) Broad Scope is Harmless No access
    3. 3. Practice Note No access
  9. 1. 1. Purpose of the Provision No access
    2. 2. Scope of the Reference No access
    3. 1. a) Substantive and Local Jurisdiction No access
      2. b) Exclusion and Disqualification of Court Personnel No access
      3. c) Capacity to be a Party in Court Proceedings (Parteifähigkeit); Capacity to have standing in Court (Prozessfähigkeit) No access
      4. d) Assistance with Court Costs No access
      5. aa) Applicable Provisions No access
        bb) Inspection of Files No access
        cc) Other Applicable Provisions No access
  10. 1. 1. Purpose of the Provision No access
    2. 1. a) Eligibility for Deferment No access
      2. b) Requirement that an Application be Lodged No access
      3. c) Deferment of the Costs of the Proceedings No access
      4. d) Grounds for Refusal; Breach of the Obligation to Disclose Information and to Co-operate No access
      5. e) Responsibility of the Insolvency Court No access
      6. f) Deferment for Each Stage of the Proceedings No access
    3. 3. Effects of Deferment (Subsection (3)) No access
    4. 4. Appeal No access
  11. 1. 1. Purpose of the Provision No access
    2. 2. Repayment Procedure (Subsection (1)) No access
    3. 3. Varying the Deferment Decision and the Fixed Instalments (Subsection (2)) No access
  12. 1. 1. Purpose of the Provision No access
    2. 1. a) Incorrect Information Provided Intentionally or Through Gross Negligence (No. 1) No access
      2. b) Failure to Meet the Requirements for Deferment (No. 2) No access
      3. c) Payment Arrears of the Debtor (No. 3) No access
      4. d) No Reasonable Gainful Employment (No. 4) No access
      5. e) Refusal/Revocation of the Discharge of Residual Debt (No. 5) No access
    3. 3. Legal Consequences No access
    4. 4. Appeal No access
  13. 1. 1. Purpose of the Provision No access
    2. 2. Right of Appeal No access
  14. 1. 1. Purpose of the Provision No access
    2. 2. Duty to Investigate Ex Officio No access
    3. 1. a) Hearing the Debtor No access
      2. b) Hearing the Creditor No access
      3. c) Hearing Witnesses No access
      4. d) Experts No access
      5. e) Documentary Evidence No access
    4. 4. Waiver of Hearing No access
    5. 5. Production and Submission of Schedules and Lists Electronically No access
  15. 1. 1. a) Decision of the Insolvency Court No access
      2. b) Admissible Appeals in Statute No access
      3. c) Matters not Subject to Appeal No access
      4. d) Standing to Appeal No access
    2. 1. a) Time Period No access
      2. b) Form No access
      3. c) Recipient No access
      4. d) Requirement of Representation by Counsel No access
      5. e) Ability to Grant Redress No access
      6. f) Suspensive Effect No access
    3. 1. a) Remonstration No access
      2. b) Objection that There Has Been a Violation of the Right to be Given an Effective and Fair Legal Hearing No access
    4. 4. Other Legal Remedies No access
  16. Section 7 (repealed) No access
  17. 1. 1. Purpose of the Provision No access
    2. 2. Service and Public Announcements No access
    3. 1. a) Formal Service No access
      2. b) Service by Post No access
    4. 4. Service by the Insolvency Administrator No access
    5. 1. a) Persons Whose Place of Residence is Unknown No access
      2. b) Service Abroad No access
      3. c) Service on Legal Entities No access
      4. d) Service by Means of Electronic Media No access
  18. 1. 1. Purpose of the Provision No access
    2. 2. Scope of Application No access
    3. 3. Content of the Announcement No access
    4. 4. Manner of Publication No access
    5. 5. Date of Effectiveness No access
    6. 6. Effect of the Announcement No access
    7. 7. Additional Publications No access
  19. 1. 1. Purpose of the Provision No access
    2. 2. Scope of Application No access
    3. 3. Holding of the Hearing No access
    4. 1. a) The Debtor Resides Abroad No access
      2. b) The Debtor’s Place of Residence is Unknown No access
      3. c) Other Restrictions on the Right to a Fair Hearing No access
    5. 5. Representatives and Relatives No access
2. 1. 1. 1. 1. Purpose of the Provision No access
      2. 2. Distinction between capacity for insolvency and capacity to have standing in court (Prozessfähigkeit) No access
      3. a) Natural Persons No access
        aa) Legal Entities No access
        bb) Companies without Legal Personality No access
        cc) Differentiation Issues No access
        c) Assets No access
      4. 4. Practical Information No access
      5. 5. Appeal No access
    2. 1. 1. Purpose of the Provision No access
      2. 2. Overview No access
    3. 1. 1. Purpose of the Provision No access
      2. a) Entitlement to Lodge an Application No access
        b) Application No access
        c) Effects of the Application No access
        d) Responsibility for Costs No access
        e) Withdrawal No access
        f) Inadmissibility of an application for commencement of insolvency proceedings No access
      3. 3. Issues No access
      4. 4. Appeal No access
    4. 1. 1. Purpose of the Provision No access
      2. 2. Details No access
    5. 1. 1. Purpose of the Provision No access
      2. a) General No access
        b) Legitimate Interest in Bringing Proceedings No access
        aa) Claim No access
        bb) Ground for Commencement No access
      3. 3. Maintenance of the Application even after Satisfaction of the Claim No access
      4. 4. Hearing the Debtor No access
      5. 5. Disputed Issue of the Allocation of Costs in the Case of a Unilateral Settlement Declaration No access
      6. 6. Appeal No access
    6. 1. 1. Purpose of the Provision No access
      2. a) General No access
        b) Legal Entities No access
        c) Companies without Legal Personality No access
        d) Right of Application in the Case of a Company without Management No access
        e) The Special Provision in Section 15 (2) No access
        f) The Special Provision in Section 18 (3) on Substantiation of Imminent Illiquidity No access
    7. 1. 1. Purpose of the Provision No access
      2. a) Legal Entities No access
        aa) Director of a Limited Liability Company (GmbH) No access
        bb) De facto Directors No access
        cc) Multiple Directors No access
        c) Determination of Illiquidity and Overindebtedness No access
        d) Without Undue Delay; 3-Week Time Limit No access
        e) Requirements for the Application No access
      3. 3. Companies without Legal Personality without a Natural Person as General Partner (Subsection (1) Sentence 2) No access
      4. 4. Obligation to Apply for Insolvency Proceedings in the Case of Companies without Legal Personality (Subsection (2)) No access
      5. a) Concept of No Management No access
        b) Parties Obliged to Apply for Insolvency Proceedings No access
        c) Knowledge/Start of the Obligation to Apply for Insolvency Proceedings No access
        d) Corresponding Right to Apply in Section 15 No access
        e) End of the Obligation to Apply for Insolvency Proceedings No access
      6. a) Elements of the Offence No access
        b) Negligence No access
        c) Perpetrators No access
      7. 7. Special Provision for Associations and Foundations (Subsection (7)) No access
      8. a) Transfer Abroad of the Registered Office of the Company No access
        b) Civil Law Sanctions No access
      9. 9. International Insolvency Law No access
    8. 1. 1. Purpose of the Provision No access
      2. 2. Scope of Application No access
      3. 3. Examination No access
      4. 4. Relevant Time No access
      5. 5. Appeal No access
    9. 1. a) General Ground for Commencement of Proceedings No access
        b) Statutory Definition No access
      2. a) Landmark Decision of 24 May 2005 No access
        b) Unable to Meet No access
        c) Due Payment Obligations No access
        d) Available Means of Payment No access
        e) Unwillingness to Pay No access
        f) Elimination of Illiquidity No access
        g) Relevant Time of the Determination No access
      3. 3. Determination of Illiquidity; Indications No access
      4. 4. Cessation of Payment (Subsection (2) Sentence 2) No access
      5. 5. International Elements No access
    10. 1. 1. Purpose of the Provision No access
      2. a) General No access
        b) “Likely to be unable” No access
        c) Length of the forecast horizon No access
        d) Existing Liabilities No access
        e) Future Receipts and Payments No access
    11. 1. 1. Purpose of the Provision and Historical Development No access
      2. 2. Scope of Application No access
      3. a) General No access
        b) Ascertaining Overindebtedness No access
        c) Ascertaining Overindebtedness in the Case of a Negative Going-Concern Forecast No access
        d) Shareholder Loans No access
        e) Subordination of Non-Shareholders No access
      4. a) Differentiation from other Circumstances for Commencement of Proceedings No access
        b) Illiquid but not Overindebted No access
      5. a) Goodwill No access
        b) Capital Contribution of a Silent Partner No access
        c) Disputed Claims; Builders’ Security No access
        d) Winding-up Costs with a Negative Going-Concern Forecast No access
        e) Period of the Going-Concern Forecast No access
    12. 1. Requirements for Commencement No access
      2. 1. Sauvegarde Proceedings No access
      3. 2. Accelerated Safeguard Proceedings (Sauvegarde accélérée and Sauvegarde financière accélérée) No access
      4. 3. Restructuring Proceedings (Redressement judiciaire) No access
      5. 4. Liquidation Proceedings (Liquidation judiciaire) No access
    13. 1. Requirements for Commencement No access
      2. 1. Requirements for Commencement No access
      3. 2. Entitlement to Lodge an Application, Obligation to Lodge an Application No access
    14. 1. Requirements for Commencement No access
      2. 1. Commencement of Insolvency Proceedings No access
      3. 2. Commencement of Payment Moratorium Proceedings No access
      4. 3. Commencement of Debt Restructuring Proceedings No access
    15. 1. Requirements for Commencement of Bankruptcy Proceedings No access
      2. 1. Insolvency Subjects No access
      3. 2. Necessity of Lodging an Application and Duty to Lodge an Application No access
      4. 3. Grounds for Commencement No access
      5. 4. Other Requirements and Impediments to Commencement No access
    16. 1. The Commencement of English Insolvency Proceedings No access
      2. 1. The English law definition of insolvency No access
      3. a) Administration No access
        b) Administrative receivership No access
        c) Company voluntary arrangement (“CVA”) No access
        aa) Compulsory liquidation No access
        bb) Voluntary liquidation No access
      4. a) Bankruptcy No access
        b) Individual voluntary arrangements No access
        c) Debt Relief Orders No access
    17. 1. Requirements for Commencement of Proceedings No access
      2. 1. Petition No access
      3. a) Jurisdiction No access
        b) Venue No access
      4. a) Chapter 7 No access
        b) Chapter 9 – Municipalities No access
        c) Chapter 12 – Family Farmers and Family Fishermen No access
        d) Chapter 13 No access
        e) Chapter 15 No access
      5. a) Receivership No access
        b) Servicemen No access
        c) Brokerage Firms No access
    18. 1. Requirements for Commencement No access
    19. 1. 1. Purpose of the Provision No access
      2. 2. Requirements No access
      3. 3. Persons Subject to the Obligation of Disclosure and Co-operation No access
      4. 4. Content of the Obligation of Disclosure No access
      5. 5. Obligation of Co-operation No access
      6. 6. Duty to be Available No access
      7. 7. Enforcement of the Obligation of Disclosure No access
      8. 8. Consequences of Breach of the Obligations of Disclosure and Co-operation No access
      9. 9. Information about the Possibility of Residual Debt Discharge No access
    20. 1. 1. Purpose of the Provision No access
      2. 2. General Requirements No access
      3. aa) Purpose No access
        bb) Requirements and Scope of Application No access
        aa) Purpose No access
        bb) Requirements and Scope of Application No access
        cc) Appointment and Selection of Members No access
        dd) Legal Consequences and Duties No access
        aa) Purpose No access
        bb) Requirements and Scope of Application No access
        cc) Legal Consequences No access
        aa) Purpose No access
        bb) Requirements and Scope of Application No access
        cc) Legal Consequence No access
        aa) Purpose No access
        bb) Requirements and Scope of Application No access
        cc) Legal Consequences No access
        aa) Purpose No access
        bb) Requirements and Scope of Application No access
        cc) Legal Consequences No access
        aa) Purpose No access
        bb) Requirements and Scope of Application No access
        cc) Legal Consequences No access
        aa) Purpose No access
        bb) Requirements and Scope of Application No access
        cc) Legal Consequences No access
      4. 4. Coercive Measures (Section 21 (3)) No access
      5. 5. Appeal No access
    21. 1. 1. Purpose of the Provision No access
      2. 2. General Comments regarding Preliminary Insolvency Administration No access
      3. 3. Preliminary Insolvency Administrator with the Right to Manage and Dispose of Assets No access
      4. 4. Preliminary Insolvency Administrator with Reservation of Approval No access
      5. 5. Powers of the Preliminary Administrator under Section 22 (3) No access
    22. 1. 1. Purpose of the Provision No access
      2. 2. Requirements No access
      3. 3. Selection of Members No access
      4. 4. Tasks of the Preliminary Creditors’ Committee No access
    23. 1. 1. Purpose of the Provision No access
      2. 2. Public Announcement No access
      3. 3. Notification Obligations and Register Entries No access
      4. 4. Insolvency Proceedings with an International Dimension No access
    24. 1. 1. Purpose of the Provision No access
      2. 2. Requirements No access
      3. 3. Legal Consequences No access
      4. 4. Procedural Position of the Preliminary Insolvency Administrator No access
    25. 1. 1. Purpose of the Provision No access
      2. 2. Publication of the Revocation No access
      3. 3. Revocation of the Appointment of a Preliminary Insolvency Administrator No access
    26. 1. 1. Purpose of the Provision No access
      2. a) Costs of the Proceedings No access
        b) Duty of Investigation and Decision by the Court No access
        aa) Application by Debtor No access
        bb) Advance Payment by Applicant Creditor/Third Party No access
        cc) Asset Segregated from the Insolvency Estate No access
        dd) Procedural Costs Payment Guarantee No access
        ee) Specific Purpose No access
        ff) Claim for Payment of the Advance Payment No access
        d) Fair Hearing No access
        aa) Refusal due to Insufficient Assets No access
        bb) Registration of the Debtor in the List of Debtors No access
        cc) Consequences under Regulations Governing a Profession No access
        dd) Protective Measures No access
      3. 3. Payer’s Claim for Reimbursement No access
      4. 4. Appeal No access
    27. 1. 1. Purpose of the Provision No access
      2. 2. Determination Proceedings No access
      3. 3. Appeal No access
    28. 1. 1. Purpose of the Provision No access
      2. a) Appointment of an Insolvency Administrator No access
        b) Rejection of the Person Proposed as Administrator No access
        c) Requests to Creditors and Debtors No access
        d) Scheduling of Dates No access
      3. 3. Appeal No access
    29. 1. 1. Purpose of the Provision No access
      2. 2. Filing Period No access
      3. 3. Request to Secured Creditors No access
      4. 4. Requests to Third-Party Debtors No access
    30. Section 29. Scheduling of Dates No access
    31. 1. 1. Purpose of the Provision No access
      2. a) Effect of the Announcement No access
        b) Publication Abroad No access
    32. Section 31. Commercial Register, Register of Cooperatives, Register of Partnerships and Register of Associations No access
    33. 1. 1. Purpose of the Provision No access
      2. 2. Registration Obligation in the Case of Real Property and Equivalent Rights No access
      3. 3. Registration in the Case of Registered Rights No access
      4. 4. Registration Procedure No access
      5. 5. Effect of the Registration No access
      6. a) Cancellation by way of Request No access
        b) Cancellation by way of Application No access
        c) Cancellation after Conclusion of Proceedings No access
    34. Section 33. Ships and Aircraft Registers No access
    35. 1. 1. Purpose of the Provision No access
      2. a) Refusal of the Application for Commencement of Proceedings No access
        b) Commencement of Insolvency Proceedings No access
      3. 3. Cause of Complaint No access
      4. 4. Appeal Proceedings No access
      5. 5. Consequences of a Successful Appeal against the Judgment Commencing Proceedings No access
  2. 1. 1. 1. Scope of the Insolvency Estate No access
      2. aa) Legal Basis No access
        bb) Release Declaration No access
        cc) Subject Matter of the Release No access
        dd) Legal Consequence of the Release No access
        b) False Release No access
        c) Modified Release No access
      3. a) Real Property and Equivalent Rights No access
        b) Movable Assets No access
        c) Expectant Right No access
        d) Entitlement to Fractional Shares No access
        e) Intellectual Property Rights No access
        f) Trust Agreements No access
        aa) Earned income No access
        bb) Future retirement pensions No access
        cc) Employee inventions No access
        dd) Occupational pension schemes No access
        h) Claims for Debt Release No access
        i) Unilateral Rights to Alter a Legal Relationship No access
        j) Claims under Succession Law No access
        k) Claims in Tort No access
        l) Partnership and Shareholder Interests No access
        m) Corporate Name No access
        n) Claims against the Shareholders No access
        o) Tax Refund Claims No access
      4. a) Scope of New Acquisitions No access
        b) Debtor’s Gainful Work Activities No access
      5. a) Purpose of the Provision No access
        b) Legal Consequences of the Release No access
        c) Publication of the Declaration No access
        d) Order Concerning Invalidity No access
    2. 1. 1. Excluded Assets No access
      2. 2. Earned Income No access
      3. a) Business Records No access
        b) Assets of an Agricultural Business No access
        c) Pharmacy Stock No access
      4. 4. Non-inclusion in Insolvency Estate of Certain Household Goods No access
      5. 5. Admissibility No access
    3. 1. a) Insolvency of the Sole Managing Spouse No access
        b) Insolvency of the Non-Managing Spouse No access
      2. 2. Joint Management of the Joint Marital Property (Section 37 (2)) No access
      3. 3. Continued Community of Property (Section 37 (3)) No access
    4. 1. 1. Personal Claim against the Debtor No access
      2. 2. Monetary Claim No access
      3. 3. Reasonable Justification at the Time of Commencement of Proceedings No access
    5. 1. a) Interest No access
        b) Procedural Costs No access
        c) Fines Etc No access
        d) Gratuitous Performance No access
        e) Shareholder Loans No access
      2. 2. Agreed Subordination No access
      3. a) Insolvency Proceedings relating to a Deceased’s Estate No access
        b) Mutual Insurance Association No access
      4. 4. Interest and Costs of Subordinated Creditors No access
    6. 1. 1. Scope of Application No access
      2. 2. Maintenance Claim Directed Against the Assets of the Debtor Exempted from Attachment No access
      3. 3. Maintenance out of the Insolvency Estate No access
    7. 1. 1. Purpose of the Provision No access
      2. 2. Scope of Application No access
      3. 3. Discounting No access
    8. 1. 1. Purpose and Meaning of the Provision No access
      2. 2. Claims Subject to a Condition Precedent No access
    9. 1. 1. Scope of Application No access
      2. 2. Satisfaction of the Creditor after Commencement of Insolvency Proceedings No access
      3. 3. Satisfaction of the Creditor before Commencement of Insolvency Proceedings No access
    10. Section 44. Rights of Joint Debtors and Guarantors No access
    11. 1. 1. Circumstances No access
      2. 2. Legal Consequence No access
      3. 3. Double Security No access
    12. 1. 1. Purpose of the Provision No access
      2. a) Non-Monetary Claims No access
        b) Claims for an Indeterminate Amount No access
        c) Claims in Foreign Currency and Units of Account No access
    13. 1. 1. Meaning of the Provision No access
      2. 2. Scope of Application No access
      3. 3. Discounting No access
    14. 1. 1. Purpose of the Provision No access
      2. aa) Basis of Claim No access
        bb) Scope of the Right to Information No access
        cc) Costs for Providing the Information No access
        b) Segregation Costs No access
        c) Segregation Disputes No access
      3. a) Application of the Principle of Specificity under Property Law No access
        b) Overcoming Evidential Difficulties through Pooling No access
        aa) Supplier Pool No access
        bb) Credit Institutions and Suppliers No access
        cc) Credit Institutions and Suppliers and Insolvency Administrator No access
        dd) Distribution No access
      4. aa) Sole Ownership No access
        bb) Jointly Held Property No access
        cc) Co-ownership No access
        dd) Custody No access
        ee) Retention of Title (Insolvency of the Conditional Seller) No access
        ff) Retention of Title (Insolvency of the Conditional Purchas) No access
        b) Restricted Rights In Rem No access
        c) Possession No access
        d) Claims under Succession Law No access
        e) Industrial Property Rights, Copyright and Personal Rights No access
        f) Claims No access
        g) Surrender Claims based upon Contract No access
        h) Procurement Claims No access
        i) Claims for Injunctive Relief No access
        j) Trusts No access
        k) Avoidance Claims No access
        l) Occupational Pension Schemes – Right to Benefits under Life Insurance Contracts No access
      5. a) Duty to draw up an Inventory No access
        b) Insolvency Administrator’s Duty to Care for Assets No access
        c) Legal Consequence of Infringement of the Right to Segregation No access
    15. 1. a) Unauthorised Disposal of the Item Subject to the Right of Segregation No access
        b) Party Entitled to Substitute Segregation No access
      2. a) Consideration not yet Performed No access
        b) Consideration Already Performed No access
    16. 1. 1. Immovable Assets as Liable Assets No access
      2. 2. Creditors Entitled to Separate Satisfaction and Order of Satisfaction No access
      3. 3. Assertion of the Right to Separate Satisfaction under the Act on Forced Sale and Sequestration No access
    17. 1. 1. Contractual Lien No access
      2. a) Overview of Statutory Liens No access
        aa) Scope of the Right to Separate Satisfaction No access
        bb) Liable Assets No access
        c) Enforceable Lien No access
    18. 1. aa) Establishment of Ownership for Security Purposes No access
        bb) Legal Consequences on Occurrence of the Event of Default No access
        aa) Creation of the Assignment for Security Purposes No access
        bb) Factoring No access
      2. 2. Right of Retention in respect of Useful Outlays (Section 51 No. 2) No access
      3. 3. Commercial Right of Retention (Section 369 HGB (Handelsgesetzbuch, HGB) and Section 51 No. 3) No access
      4. 4. Right of Separate Satisfaction of the Tax Authorities (Section 51 No. 4) No access
    19. 1. 1. Scope of Application No access
      2. 2. Status as Insolvency Creditor where the Debtor has Personal Liability No access
      3. 3. Right to Pro Rata Satisfaction No access
      4. 4. Waiver of the Right to Separate Satisfaction No access
    20. 1. 1. Purpose of the Provision No access
      2. 2. Satisfaction of the Preferential Creditors No access
      3. 3. Incorrect Legal Classification of Preferential Liabilities No access
    21. 1. aa) Fees No access
        bb) Value of the Matter No access
        cc) Expenses No access
        dd) Several Applications No access
        ee) Party Liable for the Court Costs of the Preliminary Insolvency Proceedings No access
        aa) Fees No access
        bb) Expenses No access
        cc) Party Liable for the Court Costs of Commenced Insolvency Proceedings No access
        c) Costs not Constituting Costs of the Insolvency Proceedings No access
      2. 2. Remuneration and Expenses of the Preliminary Insolvency Administrator No access
      3. 3. Remuneration and Expenses of the Insolvency Administrator No access
      4. 4. Remuneration and Expenses of the (Preliminary) Supervisor No access
      5. 5. Remuneration and Expenses of the Special Insolvency Administrator No access
      6. 6. Creditors’ Committee No access
      7. 7. Party Liable for the Remuneration No access
    22. 1. 1. Bases of Claim for Preferential Liabilities in the Insolvency Code No access
      2. 2. Acts of the Insolvency Administrator and Administration Measures (Section 55 (1) No. 1 1st Alternative) No access
      3. a) Omissions falling within the Statutory Definition No access
        aa) Insolvency of the Tenant No access
        bb) Insolvency of the Landlord No access
        c) Claims for Damages No access
        d) Tax Liabilities No access
        e) Liabilities in Connection with New Asset Acquisitions within the Meaning of Section 35 (2) No access
      4. 4. Claims Arising out of Reciprocal Contracts where Performance is Demanded (Section 55 (1) No. 2 1st alternative) No access
      5. a) Tenancies and Leases No access
        b) Service Contracts No access
      6. 6. Preferential Liabilities under Section 55 (1) No. 3 No access
      7. 7. Preferential Liabilities Created by a Strong Preliminary Insolvency Administrator (Section 55 (2) Sentence 1) No access
      8. 8. Utilisation of Performance under Contracts for Continuing Obligations by a Strong Preliminary Insolvency Administrator (Section 55 (2) Sentence 2) No access
      9. 9. Tax Liabilities Arising during Preliminary Insolvency Proceedings (Section 55 (4)) No access
    23. 1. Insolvency Estate and Classification of Creditors No access
      2. a) Claims of creditors which can be offset against a claim of the debtor No access
        b) Claims of sellers covered by a retention of title clause No access
        c) Claims of secured creditors who obtain a judicial assignment of the goods No access
        d) Claims of unpaid financial lessors No access
      3. a) Pledgees’ Right of Retention No access
        b) Super-preferential Wage Claims No access
        c) Costs of Proceedings Incurred after Commencement of Insolvency Proceedings No access
        d) “New Money” Claims arising from Conciliation Proceedings (Conciliation) No access
        e) Claims of Creditors with Security in Rem No access
        f) Preferential Claims Arising after Commencement of Insolvency Proceedings No access
        g) Preferential Rights Arising before Commencement of Insolvency Proceedings No access
        h) Non-preferential Claims arising after Commencement of Proceedings and other Claims which arose prior to Commencement of Insolvency Proceedings No access
      4. 3. Particularities concerning the Distribution of Amounts obtained on the Sale of Immoveable Assets No access
      5. 4. Retention of Title No access
      6. 5. Insolvency Estate Located Abroad No access
    24. 1. Insolvency Estate and Classification of Creditors No access
      2. 1. Insolvency Estate No access
      3. 2. Settlement of the Insolvency Estate No access
      4. a) Preferential creditors pursuant to Article 111bis IA No access
        b) Creditors Holding a Special Privilege No access
        c) Creditors Holding a General Privilege No access
        d) Non-Privileged Creditors No access
        e) Contribution to the Costs of the Insolvency Estate No access
    25. 1. Insolvency Estate and Classification of Creditors No access
      2. 1. Insolvency Estate No access
      3. 2. Classification of Creditors No access
      4. 3. Order of Priority No access
    26. 1. Insolvency Estate and Classification of Creditors No access
      2. 1. Formation of the Bankruptcy Estate No access
      3. 2. Definition of Creditor, Categories of Creditors No access
      4. 3. Secured Creditors No access
      5. 4. Filing of Claims and Schedule of Claims No access
    27. 1. Insolvent Estate and Classes of Creditors No access
      2. 1. Insolvent estate No access
      3. a) Asset distribution to creditors in corporate insolvency procedure No access
        aa) Parties with proprietary claims to assets held by an insolvent company No access
        bb) Fixed charge holders No access
        cc) Expenses of the insolvent estate No access
        dd) Preferential creditors No access
        ee) Floating charge holders No access
        ff) Unsecured creditors No access
        c) Asset distribution to creditors in bankruptcy No access
    28. 1. Insolvency Estate and Creditors No access
      2. 1. The Bankruptcy Estate No access
      3. 2. Post-Petition Earnings from Services of the Debtor No access
      4. 3. Ipso Facto Clauses No access
      5. 4. Universalism vs. Presumption Against Extraterritoriality No access
      6. 5. The Priority Scheme for Creditors No access
    29. 1. Insolvency Estate and Classification of Creditors No access
      2. 1. Insolvency Estate No access
      3. 2. Rehabilitation Creditors No access
  3. 1. 1. 1. Purpose of the Provision No access
      2. a) Natural Person No access
        b) Circle of Persons Willing to Undertake Insolvency Administration No access
        c) Personal Eligibility No access
        d) Independence No access
        e) Proposal by the Debtor or a Creditor (Section 56 (1) No. 1) No access
        f) General Advice to the Debtor Prior to the Application for Insolvency Proceedings (Section 56 (1) No. 2) No access
        g) Special Insolvency Administrator No access
    2. 1. 1. Purpose of the Provision No access
      2. a) Right of the Creditors’ Committee to Make Representations and the Court’s “Expedited Competence” No access
        b) Court Bound by a Required Profile No access
        c) Court Bound by a Proposed Insolvency Administrator No access
      3. 3. Involvement of the Creditors No access
      4. 4. “Expedited Competence” of the Court in relation to a Clear Prejudicial Change in the Financial Position No access
      5. 5. Stipulation of the Required Profile No access
      6. 6. Specification of the Person to be appointed as Insolvency Administrator No access
      7. 7. Election of a Different Insolvency Administrator under Section 56a (3) No access
      8. 8. Court’s Duty of Examination Prior to the Appointment No access
    3. 1. 1. Purpose of the Provision No access
      2. 2. Scope of Application No access
      3. 3. Requisite Independence No access
      4. 4. Preliminary Creditors’ Committee (Subsection (2)) No access
    4. 1. 1. Purpose of the Provision No access
      2. 2. Deselection of the Insolvency Administrator appointed by the Court on Commencement No access
      3. 3. Refusal of Appointment by the Court No access
      4. 4. Appointment of the Elected Administrator No access
    5. 1. 1. Purpose of the Provision No access
      2. 2. Scope of Application No access
      3. 3. Exercise of the Right of Supervision No access
      4. 4. Enforcement of the Insolvency Administrator’s Duties by Imposition of a Penalty Payment No access
      5. 5. Appeal No access
    6. 1. 1. Purpose of the Provision No access
      2. 2. Scope of Application No access
      3. 3. “Good Cause” No access
      4. 4. Appeal No access
    7. 1. 1. Purpose of the Provision No access
      2. 2. Scope of Application No access
      3. a) Insolvency-Specific Duties No access
        b) Debtor No access
        c) Insolvency Creditors No access
        d) Other Creditors No access
        e) Other Interested Parties No access
        f) Not Interested Parties No access
      4. a) Standard of Fault No access
        b) Disorderly Circumstances No access
        c) Legal Costs No access
        d) Creditors’ Committee/Meeting No access
      5. 5. Liability of the Insolvency Administrator along with Other Liable Parties No access
      6. 6. Liability for Third Parties No access
      7. 7. Assertion of the Claim No access
      8. 8. Scope of the Damages Claim No access
    8. 1. 1. Purpose of the Provision No access
      2. 2. Scope of Application No access
      3. a) Preferential Liability No access
        b) Creation of the Debt No access
    9. 1. 1. Purpose of the Provision No access
      2. 2. Start of the Limitation Period No access
      3. 3. Special Circumstances in the Case of Subsequent Distributions and Supervision of Plan Implementation No access
    10. 1. 1. Purpose of the Provision No access
      2. 2. Scope of Application No access
      3. a) Calculation Basis No access
        b) Supplements/Deductions No access
      4. 4. Activities of the Insolvency Administrator subject to Special Remuneration No access
      5. a) Calculation Basis No access
        b) Determination of the Preliminary Insolvency Administrator’s Remuneration No access
        c) Supplements/Deductions No access
        d) Minimum Remuneration No access
        e) Preliminary Insolvency Administrator’s Remuneration where Proceedings are not Commenced No access
      6. 6. Special Insolvency Administrator’s Remuneration No access
      7. a) Supervisor’s Remuneration No access
        b) Preliminary Supervisor’s Remuneration No access
    11. 1. 1. Purpose of the Provision No access
      2. 2. Scope of Application No access
      3. 3. Determination Proceedings No access
      4. 4. Appeal No access
    12. Section 65. Power to Issue Statutory Orders No access
    13. 1. 1. Purpose of the Provision No access
      2. 2. Time and Scope of the Final Accounts No access
      3. 3. Form of the Final Accounts No access
      4. 4. The Insolvency Court’s Examination Obligation No access
      5. 5. Procedure after the Review by the Insolvency Court No access
      6. 6. Additional Cases in which Final Accounts must be Presented No access
    14. 1. 1. Purpose of the Provision No access
      2. 2. Selection of Members No access
      3. 3. Preliminary Creditors’ Committee No access
      4. 4. Appeal No access
    15. 1. 1. Purpose of the Provision No access
      2. 2. Establishment, Election or Dismissal No access
      3. 3. Resolution of the Creditors’ Meeting No access
    16. 1. 1. Purpose of the Provision No access
      2. 2. Division of Responsibilities No access
      3. 3. Rights and Duties No access
      4. 4. Conflict of Interests No access
    17. 1. 1. Purpose of the Provision No access
      2. 2. Grounds for Action No access
      3. 3. Good Cause No access
      4. 4. The Dismissal Order No access
      5. 5. Appeal No access
    18. 1. 1. Purpose of the Provision No access
      2. 2. Requirements for and Consequences of Liability and Enforcement of Claims No access
      3. 3. Indemnity Insurance No access
    19. 1. 1. Purpose of the Provision No access
      2. 2. Conduct of Creditors’ Committee Meetings No access
      3. 3. Adoption of Resolutions No access
      4. 4. Legal Consequences of Defective Resolutions No access
    20. 1. 1. Purpose of the Provision No access
      2. 2. Calculation of the Remuneration No access
      3. 3. Reimbursement of Expenses and Refund of Value Added Tax No access
      4. 4. Determination Proceedings No access
      5. 5. Payment on Account of Remuneration and Expenses No access
      6. 6. Appeal No access
    21. 1. 1. Purpose of the Provision No access
      2. 2. Requirements for Convening Meetings No access
      3. 3. Entitlement to Participate No access
      4. 4. Appeal No access
      5. 5. Special Case of the Bondholders’ Meeting No access
    22. 1. 1. Purpose of the Provision No access
      2. 2. Entitlement to Apply No access
      3. 3. Application No access
      4. 4. Decision No access
      5. 5. Appeal No access
    23. 1. 1. Purpose of the Provision No access
      2. 2. Chairing of the Meeting No access
      3. 3. Adoption of Resolutions No access
      4. 4. Voting Procedures No access
      5. 5. Appeal No access
    24. 1. 1. Purpose of the Provision No access
      2. 2. Voting Right No access
      3. 3. Decision on Voting Rights in the Case of Disputed Claims No access
      4. 4. Appeal No access
    25. 1. 1. Purpose of the Provision No access
      2. 2. Concept of Common Interest No access
      3. 3. Application Requirement No access
      4. 4. Cancellation Order No access
      5. 5. Appeal No access
    26. 1. 1. Purpose of the Provision No access
      2. 2. Exercise of the Right to Information No access
      3. 3. Administrator’s Duty to Provide Information No access
      4. 4. Forced Provision of Information No access
      5. 5. Auditing of Cash No access
    27. 1. Insolvency Administrators and Creditor Bodies No access
      2. a) Splitting of the Role of Insolvency Administrator No access
        b) Remuneration of the Insolvency Administrator No access
        c) Liability of the Insolvency Administrator No access
      3. a) The Creditors’ Representative (Mandataire judiciaire) and the Liquidator (Liquidateur) No access
        b) The Administrator (Administrateur judiciaire) No access
        c) The Plan Supervisor (Commissaire à l’exécution du plan) No access
      4. 3. Creditor Bodies No access
      5. 4. Other Organs No access
    28. 1. Insolvency Administrator and Creditor Bodies No access
      2. 1. Insolvency Court No access
      3. 2. Supervising Judge No access
      4. a) Duties No access
        b) Remuneration No access
        c) Civil Liability No access
        d) Criminal Liability No access
      5. 4. Creditors’ Committee No access
    29. 1. Insolvency Administrator and Creditor Bodies No access
      2. 1. Insolvency Administrator No access
      3. 2. Creditor Bodies No access
    30. 1. Trustee and Creditor Organs No access
      2. 1. Parties Involved in Bankruptcy Proceedings No access
      3. 2. Judicial Organs No access
      4. 3. Trustee No access
      5. 4. Composition Administrator No access
      6. 5. Remuneration No access
      7. 6. Creditor Organs No access
    31. 1. Insolvency Practitioners and Creditor Representation No access
      2. 1. Supervision and authorisation No access
      3. a) General details No access
        b) Administrative receiver No access
        c) Company voluntary arrangement No access
        d) Liquidator No access
        e) Compulsory Liquidation No access
        f) Bankruptcy Order No access
      4. 3. Creditor participation in English insolvency proceedings No access
    32. 1. Parties in the Bankruptcy Proceeding No access
      2. 1. Bankruptcy Court No access
      3. 2. Debtor-in-Possession No access
      4. 3. Trustee in Chapter 7, 12, 13 or 11 BC No access
      5. 4. Creditors’ Committee No access
      6. 5. Meeting of Creditors No access
      7. 6. Equity Committees No access
      8. 7. US Trustee No access
    33. 1. Insolvency Administrator and Creditor Bodies No access
      2. a) Supervisor (kantoku iin) No access
        b) Examiner (chosa-iin) No access
        c) Trustee (kanzai-nin) No access
        d) Provisional Administrator (hozen kanri-nin) No access
      3. a) Creditors’ Committee No access
        b) Creditors’ Meeting No access
3. 1. 1. 1. 1. Purpose of the Provision No access
      2. a) Start and Duration of the Insolvency Administrator’s Powers No access
        b) Assets Exempted from Inclusion in the Insolvency Estate No access
      3. 3. Legal Status of the Debtor No access
      4. 4. Legal Status of the Insolvency Administrator No access
      5. 5. Duties and Powers of the Insolvency Administrator No access
      6. 6. Prohibitions of Disposal (Section 80 (2)) No access
    2. 1. 1. Purpose of the Provision No access
      2. a) Disposals by the Debtor No access
        b) Time of the Disposal No access
        aa) Absolute Ineffectiveness No access
        bb) Acquisition in Good Faith (Subsection (1) Sentence 2) No access
        cc) Duty to Refund (Subsection (1) Sentence 3) No access
      3. 3. Explanations (Subsection (2)) No access
      4. 4. Burden of Proof (Subsection (3)) No access
    3. 1. 1. Purpose of the Provision No access
      2. 2. Scope of Application No access
      3. a) Principle No access
        b) Exception in Section 82 No access
      4. aa) Current Account Contract No access
        bb) Payment Services Contract No access
        cc) Incoming Bank Transfers No access
        b) Direct Debits No access
        c) Honouring and Collection of Cheques No access
        d) Bills of Exchange No access
    4. 1. 1. Purpose of the Provision No access
      2. a) Legal Situation No access
        b) Acceptance No access
        c) Renouncement No access
        d) Claims to a Compulsory Portion No access
        e) Insolvency Proceedings Relating to a Deceased’s Estate No access
      3. 3. Continued Community of Property (Subsection (1) Sentence 2) No access
      4. 4. Prior Inheritance (Subsection (2)) No access
    5. 1. 1. Purpose of the Provision No access
      2. 2. Scope of Application No access
      3. 3. Winding-up (Subsection (1) Sentence 1) No access
      4. 4. Separate Satisfaction (Subsection (1) Sentence 2) No access
      5. 5. Ineffectiveness of Restrictions (Subsection (2)) No access
    6. 1. Effects of the Commencement of Insolvency Proceedings on Lawsuits and Procedural Actions No access
      2. 1. Capacity to be a Party in Court Proceedings (Parteifähigkeit); Capacity to Have Standing in Court (Prozessfähigkeit) No access
      3. 2. Action Brought by the Insolvency Administrator No access
      4. aa) Proceedings No access
        bb) Insolvency of a Party No access
        cc) Insolvency Estate No access
        dd) Court Proceedings in which the Debtor is a Claimant or a Defendant No access
        aa) Time Limits No access
        bb) Procedural Actions No access
        c) Duration No access
        d) Assertion No access
    7. 1. 1. Purpose of the Provision No access
      2. 2. Lawsuits in which the Debtor is the Claimant – Disputes concerning Claims that would Increase the Distributable Estate No access
      3. 3. Resumption of Court Proceedings No access
      4. 4. Refusal to Resume Court Proceedings No access
      5. 5. Costs No access
    8. 1. 1. Purpose of the Provision No access
      2. a) Lawsuits in which the Debtor is the Defendant No access
        b) Dispute concerning Claims that would Reduce the Distributable Estate No access
      3. 3. Resumption of Court Proceedings No access
      4. 4. Procedure No access
      5. 5. Costs No access
    9. 1. 1. Purpose of the Provision No access
      2. 2. Scope of Application No access
      3. 3. Pursuit of Insolvency Claims No access
    10. 1. 1. Purpose of the Provision No access
      2. 2. Requirements No access
      3. 3. Legal Consequences No access
    11. 1. 1. Purpose of the Provision No access
      2. a) Enforcement Measures by Insolvency Creditors No access
        b) Other Creditors (Subsection (2)) No access
        c) Assets Exempt from Compulsory Enforcement No access
      3. 3. Legal Consequences No access
      4. 4. Legal Remedy, Jurisdiction No access
    12. 1. 1. Purpose of the Provision No access
      2. a) Imposed Preferential Liabilities No access
        b) Preferential Liabilities Resulting from Legal Acts by the Insolvency Administrator No access
      3. 3. Legal Consequences No access
      4. 4. Liability of the Debtor No access
    13. 1. 1. Purpose of the Provision No access
      2. a) Acquisition of Rights No access
        b) Date of Acquisition No access
        c) Section 110 (1) as a lex specialis No access
      3. a) Rule (Subsection (1)) No access
        aa) Section 878 BGB (Section 3 (3) of the Act Governing Rights in Registered Ships and Ships under Construction (Gesetz über Rechte an eingetragenen Schiffen und Schiffsbauwerken, SchRG), Section 5 (3... No access
        bb) Section 892 BGB (Section 16 (3) SchRG, Section 16 (3) LuftFzgG) No access
        cc) Section 893 BGB (Section 17 SchRG, Section 17 LuftFzgG) No access
      4. 4. Avoidance No access
      5. a) Assignment of Future Claims No access
        b) Conditional Disposal of a Future Asset No access
        c) Acquisitions Involving Several Acts No access
        d) Priority Notice No access
        e) Movable Assets No access
    14. 1. 1. Purpose of the Provision No access
      2. a) Provisions that Establish a Claim No access
        aa) Collective Loss No access
        bb) Individual Loss No access
      3. 3. Legal Consequences No access
      4. 4. Claims against the Insolvency Administrator (Sentence 2) No access
    15. 1. 1. Purpose of the Provision No access
      2. 2. Scope of Application No access
      3. 3. Requirements No access
      4. 4. Legal Consequences No access
      5. 5. Liability Outside of the Insolvency of the General Partner No access
      6. 6. Liability in the Case of Double Insolvency of the Partnership and the General Partner No access
    16. 1. 1. Purpose of the Provision No access
      2. a) Insolvency Creditors No access
        b) Insolvency Administrator No access
        c) Settlement No access
        d) International Dimension No access
      3. 3. General Requirements for Set-Off No access
      4. 4. Legal Consequences of Set-Off No access
    17. 1. 1. Purpose of the Provision No access
      2. 2. Scope of Application No access
      3. a) Due Date of Claims (Subsection (1) Sentence 1) No access
        b) Claim Subject to a Condition Precedent (Subsection (1) Sentences 1 and 3) No access
        c) Equivalent Claims (Subsection (1) Sentences 1 and 3) No access
        d) Cumulation No access
      4. 4. Currencies, Units of Account (Subsection (2)) No access
    18. 1. 1. Purpose of the Provision No access
      2. a) Rule No access
        b) Exception (Subsection (2)) No access
        c) Contracts for Continuing Obligations No access
      3. a) Acquisition of a Debtor Position (No. 1) No access
        b) Acquisition of Creditor Position (No. 2) No access
        c) Avoidable Acquisition of an Opportunity for Set-Off (No. 3) No access
        d) Debtor as Debtor (No. 4) No access
      4. 4. Legal Consequence, Mechanism No access
      5. 5. Exceptions (Subsection (2)) No access
    19. 1. 1. Purpose of the Provision No access
      2. 2. Scope of Application No access
      3. a) Obligation to Disclose Information (Subsection (1)) No access
        b) Obligation to Co-operate (Subsection (2)) No access
        c) Obligation to be Available and to Co-operate (Subsection (3)) No access
        d) Other Obligations No access
      4. 4. Appeal No access
    20. 1. 1. Purpose of the Provision No access
      2. a) Affidavit (Subsection (1)) No access
        b) Attendance and Detention (Subsection (2)) No access
      3. 3. Appeal No access
      4. 4. Employees of the Debtor No access
    21. 1. 1. Purpose of the Provision No access
      2. a) Mail No access
        b) Necessity No access
        c) Fair Hearing No access
      3. 3. Legal Consequence (Subsection (2)) No access
      4. 4. Appeal (Subsection (3) Sentence 1) No access
      5. 5. Revocation of the Postal Redirection Order (Subsection (3) Sentence 2) No access
    22. 1. 1. Purpose of the Provision No access
      2. 2. Eligible Beneficiaries No access
      3. 3. Decision-Makers No access
      4. 4. Preferential Liability No access
    23. 1. 1. Purpose of the Provision No access
      2. a) Organs, Partners (Subsection (1) Sentence 1) No access
        b) Persons Who have Resigned from a Position (Subsection (1) Sentence 2) No access
        c) Employees (Subsection (2)) No access
        d) Cost Burden (Subsection (3)) No access
      3. 3. Maintenance No access
    24. Section 102. Restriction of a Basic Right No access
  2. 1. 1. 1. Purpose of the Provision No access
      2. 2. Legal Effect of Section 103 No access
      3. a) Reciprocal Contract No access
        b) Outstanding Performance No access
        c) Responsibility for Collection No access
      4. a) Non-Performance No access
        b) Performance No access
        c) Failure to Exercise the Right of Choice No access
        d) Circumvention No access
      5. 5. Claim for Non-Performance No access
      6. 6. Mandatory Provision No access
    2. 1. 1. Purpose of the Provision No access
      2. 2. Close-Out by Operation of Law (Subsections (1) and (3)) No access
      3. a) Claim for Non-Performance No access
        b) Insolvency Claim – Preferential Claim No access
      4. 4. Divergent Arrangements (Subsection (4), Section 119) No access
      5. 5. Application, Entry into Force No access
    3. 1. 1. Purpose of the Provision No access
      2. a) Divisibility of Performance No access
        b) Advance Performance by the Contractual Partner No access
      3. 3. Legal Consequences No access
      4. 4. Mandatory Provision No access
    4. 1. 1. Purpose of the Provision No access
      2. a) Existing Right That is Capable of Being Registered No access
        b) Time of the Registration No access
      3. 3. Legal Consequences No access
      4. 4. Pre-Emptive Right in Rem No access
      5. 5. Reversal of Enforcement Measures (Section 88) No access
      6. 6. Avoidance in Insolvency (Section 129 et seq.) No access
    5. 1. 1. Purpose of the Provision No access
      2. a) Requirements No access
        b) Legal Consequences No access
        c) Analogous Application No access
      3. a) Requirements No access
        b) Legal Consequences No access
        c) Analogous Application No access
    6. 1. 1. Purpose of the Provision No access
      2. a) Immovable Property and Premises No access
        b) Service Contracts No access
        c) Financing Transactions No access
        d) Loans in the Insolvency of a Lender (Subsection (2)) No access
      3. a) Section 108 (1) and (3) No access
        b) Section 108 (2) No access
    7. 1. 1. Purpose of the Provision No access
      2. a) Tenancies/Leases in Relation to Immovable Property/Premise No access
        b) Debtor’s Dwelling House (Subsection (1) Sentence 2) No access
        c) Outstanding Possession of the Property (Subsection (2)) No access
      3. a) Subsection (1) Sentences 1 and 3 No access
        b) Subsection (1) Sentences 2 and 3 No access
        c) Subsection (2) No access
    8. 1. 1. Purpose of the Provision No access
      2. a) Debtor is Landlord/Lessor No access
        b) Prior Disposal by the Debtor of Future Claims for Rent No access
        c) Effectiveness of Prior Disposals of Future Claims No access
      3. 3. Legal Effects of the Prohibition of Disposal No access
      4. 4. Set-Off (Subsection (3)) No access
    9. 1. 1. Purpose of the Provision No access
      2. 2. Requirements No access
      3. 3. Legal Consequences No access
    10. 1. 1. Purpose of the Provision No access
      2. 2. Requirements No access
      3. a) Exclusion of the Right of Termination under No. 1 No access
        b) Exclusion of the Right of Termination under No. 2 No access
    11. 1. 1. Purpose of the Provision No access
      2. a) General No access
        aa) Collectively Bargained Termination Notice Periods and Limitations No access
        bb) Maximum Notice Period No access
        cc) Re-termination No access
        dd) Fixed-Term Employment Relationships No access
        ee) Self-Administration No access
        ff) Commenced Foreign Insolvency Proceedings No access
      3. 3. Compensation under Section 113 Sentence 3 No access
      4. 4. Deadline for Filing an Action No access
    12. Section 114 (repealed) No access
    13. 1. 1. Purpose of the Provision No access
      2. 2. Requirements No access
      3. a) Rule, Subsection (1) No access
        b) Exception, Subsection (2) No access
        c) Exception, Subsection (3) No access
      4. 4. Mandatory Provision No access
    14. 1. 1. Purpose of the Provision No access
      2. a) Rule, Sentence 1 No access
        b) Exception, Sentence 3 No access
      3. 3. Mandatory Provision No access
    15. 1. 1. Purpose of the Provision No access
      2. 2. Requirements No access
      3. 3. Legal Consequences No access
      4. 4. Liability of an Agent, Subsection (3) No access
      5. 5. Mandatory Provision No access
    16. 1. 1. Purpose of the Provision No access
      2. a) Companies Without Legal Personality No access
        b) Dissolution of the Company No access
      3. a) Continuation and Preferential Liability No access
        b) Continuation and Insolvency Claim No access
      4. 4. Mandatory Provision No access
    17. 1. 1. Purpose of the Provision No access
      2. a) Agreement No access
        b) Exclusion or Limitation of the Rights of the Insolvency Administrator No access
        c) Rank and Calculation of Claims No access
        d) Contractual penalty, liquidated damages No access
      3. a) Unenforceability of Contractual Termination Clauses No access
        b) Section 8 (2) No. 1 Case 2 in Conjunction with Section 8 (2) No. 2 of the Award Rules for Building Works, Part B (VOB/B, 2009) No access
    18. 1. 1. Purpose of the Provision No access
      2. a) Scope of Application No access
        aa) Works Agreement No access
        bb) Informal Understandings No access
        cc) Social Compensation Plans No access
        dd) Benefits Under a Works Agreement No access
        ee) No Duty to Consult No access
        ff) Notice of Termination No access
        gg) Partial Termination of a Works Agreement No access
        hh) Notice Period No access
        ii) Legal Consequence No access
        c) Extraordinary Termination (Subsection (2)) No access
    19. 1. 1. Purpose of the Provision No access
      2. 2. Procedure No access
    20. 1. 1. Purpose of the Provision No access
      2. a) Planned Operational Alteration No access
        b) Provision of Information to the Works Council No access
        c) Three-Week Period No access
        d) Proceedings Before the Labour Court No access
      3. 3. Appeal No access
    21. 1. 1. Purpose of the Provision No access
      2. a) Social Compensation Plan Following Commencement of Insolvency Proceedings No access
        aa) Employees No access
        bb) Month’s Salary No access
        cc) Size of the Social Compensation Plan No access
        aa) No Derogating Regulation No access
        bb) Calculation No access
        cc) Reduction No access
        d) Lowest Rank No access
        e) Payments on Account No access
        f) Compulsory Enforcement No access
    22. 1. 1. Purpose of the Provision No access
      2. 2. Requirements and Legal Consequences No access
      3. a) Relevant Period No access
      4. b) Revocation No access
      5. c) Legal Consequences No access
      6. d) Rank of Social Compensation Plan Claims No access
    23. 1. 1. Purpose of the Provision No access
      2. a) Operational Alteration No access
        b) Reconciliation of Interests No access
        c) List of Names No access
      3. a) Legal Presumption No access
        aa) Three Criteria No access
        bb) Gross Errors in Selection on the Basis of Social Criteria No access
        cc) Balanced Personnel Structure No access
        dd) Burden of Proof No access
        c) Transfer of Undertakings No access
    24. 1. 1. Purpose of the Provision No access
      2. a) No Reconciliation of Interests Under Section 125 (1) No access
        b) Application with the Labour Court No access
        c) Specificity of the Application No access
        aa) Application No access
        bb) Burden of Proof and Argument No access
        cc) Review No access
        aa) Court Order Proceedings No access
        bb) Parties No access
        cc) Legitimate Interest No access
        dd) Exception to the Duty to Investigate No access
      3. 3. Appeal No access
    25. 1. 1. Purpose of the Provision No access
      2. aa) Operational Reasons No access
        bb) Designation of the Employees in the Application No access
        cc) Action for Protection Against Unfair Dismissal No access
        dd) Final Judgment No access
        b) Legal Consequence No access
        c) Section 127 (2) No access
      3. 3. Appeal No access
    26. 1. 1. Purpose of the Provision No access
      2. a) Reconciliation of Interests (Section 125) or Application for Declaratory Judgment (Section 126) No access
        aa) Transfer of Undertakings No access
        bb) Transaction No access
        cc) Right of the Employee to Object No access
        dd) Severance Agreements No access
        ee) Right to Re-Employment No access
        c) Parties to the Court Order Proceedings No access
        d) Legal Consequences No access
        e) Action Brought by an Employee No access
    27. 1. Performance of Legal Transactions No access
      2. 1. Definition of Legal Transactions No access
      3. a) Ineffectiveness of Agreements to the Contrary No access
        b) Decision on Performance of Legal Transactions No access
        c) Termination of Contracts No access
      4. a) Tenancy Agreements No access
        b) Other Contracts No access
    28. 1. Performance of Contracts No access
      2. 1. Rule: Insolvency Administrator’s Right of Choice No access
      3. 2. Exception 1: Interim Continued Operation of Business No access
      4. a) Commercial Agency Contract No access
        b) Contract to Produce a Work (Article 81 IA) No access
        c) Contracts for Continuing or Recurring Obligations (Article 74 IA) No access
        d) Employment Contracts No access
        e) Preliminary Contracts for the Purchase of Property that are Registered in the Property Register No access
        f) Leasing (Article 72quater IA) No access
        g) Commercial Tenancies (Article 80 IA) No access
        h) Purchase Contract No access
      5. 4. Contractual Termination Clauses in the Case of Insolvency No access
    29. 1. Performance of Transactions and Set-off No access
    30. 1. Performance of Transactions No access
      2. 1. Ineffective Provisions No access
      3. 2. Special Arrangements for Bankruptcy Proceedings No access
      4. 3. Special Arrangements for Composition Proceedings No access
    31. 1. Termination of contracts upon the commencement of an insolvency procedure No access
      2. 1. Overview No access
      3. a) Administration No access
        b) Administrative Receivership No access
        c) Company Voluntary Arrangement No access
        d) Liquidation No access
        e) Bankruptcy No access
        f) Individual Voluntary Arrangement No access
    32. 1. Dealing with Executory Contracts and Unexpired Leases No access
      2. 1. Assumption and Rejection of Executory Contracts No access
      3. 2. Cure of Default No access
      4. 3. Assignment of the Agreement No access
      5. 4. Ipso Facto Clauses No access
      6. 5. Critical Vendors No access
      7. 6. Section 365n BC – Intellectual Property Licenses No access
    33. 1. Performance of Transactions No access
  3. 1. 1. 1. Purpose of the Provision No access
      2. a) Principle No access
        b) Specific Cases No access
      3. 3. Prejudice to Creditors No access
      4. 4. Causal Link No access
      5. 5. Exercise of the Right of Avoidance No access
      6. a) During the Month Prior to the Date of the Application for Commencement of Insolvency Proceedings No access
        b) Within Three Months Prior to the Date on which the Application for Commencement of Insolvency Proceedings is Filed No access
        c) Within One Year Prior to the Date on which the Application for Commencement of Insolvency Proceedings is Filed No access
        d) Within Two Years Prior to the Date on which the Application for Commencement of Insolvency Proceedings is Filed No access
        e) Within Four Years Prior to the Date on which the Application for Commencement of Insolvency Proceedings is Filed No access
        f) Within Ten Years Prior to the Date on which the Application for Commencement of Insolvency Proceedings is Filed No access
      7. 7. International Avoidance in Insolvency No access
    2. 1. 1. Purpose of the Provision No access
      2. 2. Objective Grounds No access
      3. a) Awareness of Illiquidity or of the Application for Commencement of Insolvency Proceedings No access
        b) Awareness of Circumstances within the Meaning of Section 130 (2) No access
        c) Attribution of Awareness by Others No access
      4. a) Concept of “Financial Collateral” No access
        b) Requirements for Avoidance No access
      5. 5. Burden of Proof No access
    3. 1. 1. Purpose of the Provision No access
      2. aa) No Right to Satisfaction No access
        bb) “No Right to Claim in that Manner” No access
        cc) “No Right to Claim at that Time” No access
        aa) Security Agreement No access
        bb) No Right to Claim in that Manner No access
        cc) No right to claim at that time No access
      3. 3. Avoidance Periods and Their Different Requirements No access
      4. 4. Burden of Proof No access
    4. 1. 1. Purpose of the Provision No access
      2. 2. Avoidance Requirements under Section 132 (1) No access
      3. 3. Other Legal Acts (Section 132 (2)) No access
      4. 4. Awareness by the Recipient of Avoidable Performance No access
    5. 1. 1. Purpose of the Provision No access
      2. a) Concept of “Legal Act” No access
        b) Objective Prejudice to Creditors No access
        c) Intent by the Debtor to Prejudice Creditors No access
        d) Awareness by the Other Party No access
      3. a) Coverage Acts (Subsection (2)) No access
        b) Avoidance of Congruent Legal Acts Undertaken to Intentionally Prejudice Creditors (Subsection (3) Sentence 1) No access
        c) Privileging of Payment Agreements (Subsection (3) Sentence 2) No access
      4. a) Requirements No access
        b) Burden of Proof No access
    6. 1. 1. Purpose of the Provision No access
      2. 2. Concept of “Performance” No access
      3. 3. Concept of “Gratuitousness” No access
      4. a) Gratuitous Performance No access
        b) Non-Gratuitous Performance No access
      5. 5. Time Limitation No access
      6. 6. Burden of Proof No access
      7. 7. Unavoidability of Customary Occasional Gifts of Small Value No access
    7. 1. 1. Purpose of the Provision No access
      2. a) Avoidance under Subsection (1) No access
        b) Avoidance under Subsection (2) No access
      3. 3. Granting of Use or Exercise (Subsection (3)) No access
      4. 4. Exemption in Cases of Restructuring and Small Holdings (Subsection (4)) No access
    8. 1. 1. Purpose of the Provision No access
      2. a) Silent Partnership No access
        b) Agreement No access
        aa) Repayment of the Capital Contribution No access
        bb) Waiver of Shares of Losses No access
        d) One-Year Period No access
      3. 3. Ground for Exclusion under Subsection (2) No access
    9. 1. 1. Purpose of the Provision No access
      2. a) Congruent Coverage No access
        b) Last Party Liable for Recourse No access
        c) Cheque Payments No access
    10. 1. 1. Purpose of the Provision No access
      2. a) Spouse No access
        b) Ascendants and Descendants No access
        c) Persons Living in the Household No access
        d) Legal Entities and Companies without Legal Personality No access
        e) Act on Registered Life Partnerships No access
      3. a) Companies Limited by Shares No access
        b) Partnerships No access
        c) Holders of the Debtor’s Capital No access
        d) General Clause No access
        e) Personal Connection No access
    11. 1. 1. Purpose of the Provision No access
      2. 2. Filing of Only One Application No access
      3. a) Relevant Application No access
        b) Requirement that the Application is Admissible and Well-Founded No access
    12. 1. 1. Purpose of the Provision No access
      2. 2. Basic Rule in Section 140 (1) No access
      3. a) Existence of Secured Legal Positions No access
        b) Priority Notice No access
      4. 4. Conditional and Fixed Term Legal Acts No access
    13. 1. 1. Purpose of the Provision No access
      2. 2. Enforceable Title No access
      3. 3. Enforcement Acts No access
    14. 1. 1. Purpose of the Provision No access
      2. 2. Counter-Performance “of the Same Value” No access
      3. 3. Requirement of a Legal Connection between Performance and Counter-Performance No access
      4. 4. Requirement of a Direct Relationship No access
      5. 5. Avoidability Despite the Existence of a Cash Transaction No access
    15. 1. 1. Purpose of the Provision No access
      2. 2. General No access
      3. 3. Primary Claim to Restitution No access
      4. 4. Scope of Liability under the Law of Unjust Enrichment No access
      5. 5. Due Date of the Restitution Claim No access
      6. 6. Claims by the Recipient of Avoidable Performance No access
    16. 1. 1. Purpose of the Provision No access
      2. 2. Avoidance of a Transaction Fulfilling an Obligation No access
      3. a) General No access
        b) Presence of the Consideration in Kind No access
        c) Surrender of the Enrichment of the Insolvency Estate No access
        d) Assertion as Insolvency Claim No access
      4. 4. Avoidance of both the Transaction Fulfilling an Obligation and the Transaction Imposing an Obligation No access
    17. 1. 1. Purpose of the Provision No access
      2. a) Heirs No access
        b) Other Universal Successors No access
      3. a) General No access
        b) Special Requirements Applicable to Individual Legal Successors No access
    18. 1. 1. Purpose of the Provision and Scope No access
      2. 2. Limitation No access
      3. 3. Right to Refuse to Fulfil a Duty of Performance No access
    19. 1. 1. Purpose of the Provision No access
      2. 2. Legal Acts Undertaken after Commencement of Insolvency Proceedings No access
    20. 1. Avoidance in Insolvency No access
      2. 1. Determination of the Avoidance Period No access
      3. 2. Cases of Absolute Nullity No access
      4. 3. Cases of Relative Nullity No access
      5. 4. Avoidance Action No access
      6. 5. Further Possibility: the Action paulienne (actio paulina) No access
    21. 1. Avoidance in Insolvency No access
      2. a) Absolutely Incongruent Legal Acts (atti affetti da anormalità assoluta) No access
        b) Incongruent Legal Acts (atti anormali) No access
        c) Congruent Legal Acts (atti normali) No access
      3. 2. Prejudice to Creditors No access
      4. 3. Cases in which Avoidance is Excluded No access
      5. 4. Calculation of Avoidance Periods No access
      6. 5. Limitation Periods No access
      7. 6. Legal Consequence of Avoidance in Insolvency No access
      8. 7. Procedural Aspects No access
    22. 1. Avoidance in Insolvency (actio pauliana) No access
    23. 1. Avoidance in Insolvency No access
      2. 1. Invalidity and Avoidability of Legal Acts No access
      3. 2. Ineffectiveness by Operation of Law No access
      4. 3. Ineffectiveness by Declaration of the Judicial Commissioner No access
      5. 4. Ineffectiveness by Court Judgment No access
      6. 5. Assertion by Means of an Avoidance Action No access
      7. 6. Legal Consequences No access
    24. 1. Antecedent Transactions and Claw-Back No access
      2. 1. Introduction No access
      3. a) Transactions at an Undervalue No access
        b) Preferences No access
        c) Floating Charges No access
        d) Extortionate Credit Transactions No access
        e) Excessive Pension Contributions No access
        f) Transactions Defrauding Creditors No access
    25. 1. Avoidance Actions under US Bankruptcy Law No access
      2. 1. Limits on Trustee’s Avoiding Powers No access
      3. 2. Avoiding Preferential Transfers No access
      4. 3. Avoiding Fraudulent Conveyances No access
      5. 4. Recovering an Avoided Transfer from Third Parties No access
      6. 5. Further Avoiding Powers under the Bankruptcy Code No access
      7. 6. Avoiding Powers under State Law No access
    26. 1. Avoidance in Insolvency No access
4. 1. 1. 1. 1. Purpose of the Provision No access
      2. 2. Principle of Possession No access
      3. 3. Enforcement of Duty to Surrender Possession of Assets No access
      4. 4. Release of Assets No access
      5. 5. Management of the Estate No access
      6. 6. Retention Rights/Other Seizure No access
      7. 7. Appeal No access
    2. 1. 1. Purpose of the Provision No access
      2. 2. Depositary No access
      3. 3. Form of Deposit No access
    3. 1. 1. Purpose of the Provision No access
      2. 2. Sealing of the Insolvency Estate No access
      3. 3. Appeal No access
    4. 1. 1. Purpose of the Provision No access
      2. 2. Contents of the List No access
      3. 3. Valuation No access
    5. 1. 1. Purpose of the Provision No access
      2. 2. Contents of the List No access
      3. 3. Organisation of the List No access
    6. 1. 1. Purpose of the Provision No access
      2. 2. Structured Overview No access
      3. 3. Affidavit from the Debtor No access
      4. 4. Appeal No access
    7. 1. 1. Purpose of the Provision No access
      2. 2. Inspection No access
      3. 3. Court Registry No access
      4. 4. Additional Disclosure Obligations No access
    8. 1. 1. Purpose of the Provision No access
      2. 2. Accounting under Commercial Law No access
      3. 3. Duties under Tax Law No access
  2. 1. 1. 1. Purpose of the Provision No access
      2. 2. Report Meeting No access
      3. 3. Duty to Report No access
      4. 4. Breach of the Duty to Report No access
    2. 1. 1. Purpose of the Provision No access
      2. 2. Decision regarding Closure or Continuation (sentence 1) No access
      3. 3. Instructing the Insolvency Administrator to Draw Up an Insolvency Plan (sentence 2) No access
      4. 4. Appeal No access
    3. 1. 1. Purpose of the Provision No access
      2. 2. Consent of the Creditors’ Committee No access
      3. 3. Duty of Notification No access
      4. 4. Prohibition by the Court of Closure or Disposal No access
      5. 5. Appeal No access
    4. 1. 1. Purpose of the Provision No access
      2. 2. Duty of Realisation No access
      3. a) Movable Assets No access
        b) Real Property No access
        c) Disposal of the Enterprise No access
        d) Release of Assets No access
    5. 1. 1. Purpose of the Provision No access
      2. a) Form of Consent No access
        b) Power of Consent No access
        c) Insolvency Administrator Bound by Consent, Liability No access
        d) Deemed Consent where the Creditors’ Meeting has No Quorum No access
        e) Written Proceedings No access
      3. 3. Legal Acts of Particular Importance No access
      4. a) Realisation of Important Assets (section 160 (2) No. 1) No access
        b) Loans (section 160 (2) No. 2) No access
        c) Legal Actions, Schemes of Composition, Arbitration Agreements (section 160 (2) No. 3) No access
      5. 5. Appeal No access
    6. 1. 1. Purpose of the Provision No access
      2. 2. Duty of Notification No access
      3. 3. Legal Consequence of Failure to Notify No access
      4. 4. Prohibition by the Court No access
    7. 1. 1. Purpose of the Provision No access
      2. a) Information Insiders No access
        b) Procedural Insiders No access
      3. 3. Indirect Parties No access
      4. 4. Procedure No access
    8. 1. 1. Purpose of the Provision No access
      2. a) Application by Debtor No access
        b) Other Option for Disposal No access
        c) Comprehensive Comparison No access
        d) Procedure No access
        e) Decision, Procedure No access
      3. 3. Appeal No access
    9. Section 164. Validity of the Acts of the Insolvency Administrator No access
    10. 1. Decision on Realisation No access
      2. 1. Decision regarding Selection of Insolvency Proceedings No access
      3. 2. Realisation in Accordance with an Insolvency Plan No access
      4. a) Realisation of Individual Assets No access
        b) Sale of the Undertaking No access
    11. 1. Decision on Realisation No access
      2. 1. Content of the Realisation Plan No access
      3. 2. Methods of Realisation No access
    12. 1. Realisation of the Insolvency Estate and Termination of Proceedings No access
    13. 1. Realisation No access
      2. 1. List of Assets, Liquidation Plan, and Financial Report No access
      3. 2. Acts and Consequences of Realisation No access
      4. 3. Continued Operation of the Enterprise No access
      5. 4. Sale of the Enterprise No access
      6. 5. Pre-Pack Deal No access
    14. 1. Powers of Insolvency Practitioners in English Insolvency Proceedings No access
      2. 1. Administration No access
      3. 2. Administrative Receivership No access
      4. 3. Liquidation No access
      5. 4. Compulsory Liquidation No access
      6. 5. Bankruptcy No access
      7. 6. Voluntary Arrangements No access
    15. 1. Realization of Assets No access
      2. a) Sale of Estate Property No access
        b) Sales Free and Clear of Third-Party Interests No access
        c) Credit Bidding No access
      3. a) Liquidation No access
        b) Carve-Out Agreements No access
      4. a) Sale Pursuant to a Plan No access
        b) Sale via Liquidating Trust Created in a Plan No access
    16. 1. Decision on Realisation No access
      2. 1. Timing No access
      3. 2. Application for Permission for a Transfer of Business under Article 42 RA No access
      4. 3. Hearing of Opinions No access
      5. 4. Permission of the Court under Article 42 RA No access
      6. 5. Permission under Article 41 (1) and Article 54 (2) RA No access
      7. a) Order Granting Permission in lieu of a Shareholders’ Resolution in the Case of a Stock Corporation No access
        c) Order Granting Permission in lieu of a Shareholders’ Resolution in Case of a Transfer of Business under a Plan No access
  3. 1. 1. 1. Purpose of the Provision No access
      2. 2. Immovable Assets in the Insolvency Estate No access
      3. a) Realisation Through Forced Sale or Sequestration No access
        b) Proceedings under Sections 172 to 174 a ZVG No access
    2. 1. 1. Purpose of the Provision No access
      2. 2. Realisation of Moveable Assets No access
      3. 3. Realisation of Assigned Accounts Receivable No access
    3. 1. 1. Purpose of the Provision No access
      2. 2. Duty to Provide Information No access
      3. 3. Limits of the Right to Information No access
    4. 1. 1. Purpose of the Provision No access
      2. 2. Notification Duty of the Insolvency Administrator No access
      3. 3. The Creditor’s Right to Propose Another Option and Period for Doing So/Creditor’s Acquisition of the Asset No access
      4. 4. Legal Consequences of a Creditor’s Proposal No access
      5. 5. Practice Note No access
    5. 1. 1. Purpose of the Provision No access
      2. 2. General Requirements No access
      3. 3. Compensation for Prejudice Suffered No access
      4. 4. Appeal No access
    6. Section 170. Distribution of Proceeds No access
    7. 1. 1. Purpose of the Provision No access
      2. 2. General Requirements No access
      3. 3. Realisation by the Insolvency Administrator No access
      4. 4. Realisation by the Creditor No access
      5. 5. Costs of Assessment No access
      6. 6. Costs of Realisation No access
      7. a) Double Transaction Doctrine No access
        b) Triple Transaction Doctrine No access
    8. 1. 1. Purpose of the Provision No access
      2. 2. Use of the Collateral No access
      3. 3. Collection of Accounts Receivable No access
      4. 4. Practice Note No access
    9. 1. 1. The Creditor’s Right of Realisation No access
      2. 2. Procedure for Expediting Realisation No access
      3. 3. Appeal No access
    10. 1. Assets Subject to Rights to Separate Satisfaction No access
      2. 1. Assets Subject to Rights in Rem during the Observation Phase of Safeguard or Restructuring Proceedings No access
      3. 2. Assets Subject to Rights in Rem during Execution of a Safeguard or Restructuring Plan No access
      4. 3. Assets Subject to Rights to Separate Satisfaction in Case of Restructuring by Transfer (Plan de cession) No access
      5. 4. Assets Subject to Rights to Separate Satisfaction in Liquidation Proceedings No access
    11. 1. Assets Subject to Rights to Separate Satisfaction No access
    12. 1. Assets Subject to Rights to Segregation/Rights of Separate Satisfaction No access
    13. 1. Assets with Rights to Separate Satisfaction No access
      2. 1. Equal Satisfaction of Creditors and Exceptions to This No access
      3. 2. Distinction Between Rights to Separate Satisfaction and Rights to Segregation No access
      4. 3. History of the Right to Separate Satisfaction in Polish Insolvency Law and Current Arrangement No access
      5. 4. Special Case: Registered Pledge No access
      6. 5. Restructuring Proceedings No access
    14. 1. Principles of Asset Realisation and Distribution No access
      2. 1. Introduction No access
      3. 2. Asset Realisation in English Insolvency Procedures No access
    15. 1. Treatment of Assets subject to Security Interests No access
      2. a) Section 363 BC: Automatic Stay No access
        b) Chapter 7 BC: Liquidation No access
        c) Chapter 11 BC: Debtor-in-Possession No access
      3. a) Formalities No access
        b) Priority after Secured Claims No access
        c) UCC Financing Statements Lapsing Post-Bankruptcy Petition No access
        d) Post-Petition Enforceability of Inter-creditor Agreements No access
    16. 1. Assets Subject to Rights of Separate Satisfaction No access
      2. 1. Rights to Segregation No access
      3. 2. Rights to Separate Satisfaction No access
      4. 3. Request for Extinguishment No access
5. 1. 1. Preliminary Remarks in Relation to Sections 174 to 186 No access
    2. 1. 1. Purpose of the Provision No access
      2. a) Creditors Entitled to File Claims No access
        b) Filing with the Administrator No access
        c) Written Form Requirement No access
        d) Filing Required to be in German No access
        e) Filing by a Representative No access
        f) Documents to be Attached No access
      3. a) Basis of Claim No access
        b) Amount of the Claim No access
      4. 4. Defective and Incomplete Claim Submissions No access
      5. 5. Filing of Subordinated Claims No access
      6. 6. Effect of the Filing No access
    3. 1. a) Inclusion in the Schedule No access
        b) Keeping the Schedule No access
        c) Obligation to Register No access
        d) Filed Preferential Liabilities and Subordinated Claims No access
        e) Corrections No access
      2. a) Date of Deposit and Items to be Deposited No access
        b) Deposit in the Court Registry No access
      3. 3. Appeal No access
    4. 1. 1. Purpose of the Provision No access
      2. 2. Parties Entitled to Attend No access
      3. 3. Scope of the Verification No access
      4. a) Oral Challenge No access
        b) Challenge by Administrator or Creditor No access
        c) Challenge by the Debtor No access
        d) Individual Discussion No access
    5. 1. 1. Purpose of the Provision No access
      2. 2. Verification of Late Claim Submissions at the Verification Meeting No access
      3. a) Need for the Special Verification Meeting No access
        b) Conduct and Content of the Special Verification Meeting No access
        c) Costs of the Special Verification Meeting No access
        d) Written Verification Process No access
      4. aa) Amendment before the Depositing of the Schedule No access
        bb) Amendment after the Depositing of the Schedule No access
        aa) Disputed Claims No access
        bb) Accepted Claims No access
        aa) Undisputed Succession No access
        bb) Disputed Succession No access
      5. 5. Announcement of the Special Verification Meeting No access
    6. 1. 1. Purpose of the Provision No access
      2. a) Parties Entitled to Object No access
        b) Provisional Challenge No access
        c) Oral Challenge No access
        d) Withdrawal of the Objection No access
      3. a) Competence No access
        b) Content where there is an Objection No access
        c) Noting Acceptance on Bills of Exchange and Debt Instruments No access
        d) Registration in the Case of Creditors Entitled to Separate Satisfaction and Other Special Cases No access
      4. 4. Function of the Schedule Entry as an Enforceable Title No access
      5. 5. Appeal No access
    7. Section 179. Disputed Claims No access
    8. Section 180. Competence for Acceptance of Claims No access
    9. 1. 1. Purpose of the Provision No access
      2. a) Claims for which no Enforceable Title Exists No access
        b) Claims for which an Enforceable Title Exists No access
        c) Extracts from the Schedule No access
      3. a) Action for Declaratory Judgment in Ordinary Proceedings No access
        b) Jurisdiction No access
        c) Interest in Obtaining Declaratory Judgment No access
        d) Party to the Declaratory Proceedings No access
        e) Resumption of Interrupted Litigation No access
        f) Principle of Unity No access
      4. 4. Scope of the Acceptance (Section 181) No access
      5. 5. Practice Notes No access
    10. 1. 1. Purpose of the Provision No access
      2. 2. Determination of the Amount in Dispute No access
      3. 3. Analogous Application No access
      4. 4. Action for Acceptance Conducted Against the Debtor No access
    11. 1. 1. Purpose of the Provision No access
      2. 2. Extension of Res Judicata Effect to Non-Parties No access
      3. 3. Amendment of the Schedule No access
      4. 4. Reimbursement of Legal Costs No access
    12. 1. 1. Purpose of the Provision No access
      2. 2. Overcoming an Objection by the Debtor No access
      3. 3. Objection by the Debtor and Residual Debt Discharge No access
      4. 4. Amendment of the Schedule No access
    13. 1. 1. Purpose of the Provision No access
      2. 2. Special Jurisdiction No access
    14. 1. 1. Purpose of the Provision No access
      2. 2. Requirements for Restoration No access
      3. 3. Procedure No access
    15. 1. Acceptance of Claims No access
      2. 1. Form and Content of the Claim Submission No access
      3. 2. Period for Filing of Claims No access
      4. 3. Verification of Insolvency Claims No access
    16. 1. Commencement of Insolvency Proceedings: Legal Consequences and Acceptance of Claims No access
      2. 1. Opening Stage of Insolvency Proceedings No access
      3. 2. Commencement of Insolvency Proceedings No access
      4. 3. Continued Operation of the Enterprise (Article 104 IA) No access
      5. 4. Effects of Pending Lawsuits No access
      6. 5. Filing of Claims and Requests for Segregation No access
      7. 6. Subsequent Filing of Claims No access
    17. 1. Acceptance of Claims No access
    18. 1. Acceptance of Claims No access
      2. 1. Filing of Claims No access
      3. 2. Verification of Claims No access
      4. 3. Acceptance of Claims No access
      5. 4. Objections to the Claims Schedule No access
    19. 1. Proving in Insolvency Proceedings No access
      2. 1. Introduction No access
      3. 2. Submitting a Claim in English Insolvency Proceedings No access
      4. 3. Admission or Rejection of Proofs No access
    20. 1. Filing and Allowance of Claims No access
      2. 1. Filing of a Proof of Claim No access
      3. 2. Allowance of the Claim and Objections No access
      4. 3. Tort Claims No access
    21. 1. Acceptance of Claims No access
  2. 1. 1. 1. Purpose of the Provision No access
      2. 2. Interim Distribution No access
    2. 1. 1. Purpose of the Provision No access
      2. 2. Distribution Schedule No access
      3. 3. Deposit No access
      4. 4. Public Announcement No access
    3. 1. 1. Purpose of the Provision No access
      2. 2. Time Limit No access
      3. 3. Consequence of Provision of Proof in a Timely Manner No access
      4. 4. Proof Submitted Out of Time No access
    4. 1. 1. Purpose of the Provision No access
      2. 2. Proof under Subsection (1) No access
      3. 3. Waiver of the Right to Separate Satisfaction No access
      4. 4. Realisation by the Creditor No access
      5. 5. Sole Right of Realisation on the part of the Insolvency Administrator No access
    5. 1. 1. Purpose of the Provision No access
      2. 2. Claims Subject to a Condition Precedent No access
      3. 3. Interim Distribution No access
      4. 4. Final Distribution No access
    6. 1. 1. Purpose of the Provision No access
      2. 2. Subsequent Consideration No access
    7. Section 193. Amendment of the Distribution Schedule No access
    8. 1. 1. Purpose of the Provision No access
      2. 2. Parties Entitled to Raise Objections and Time Limit for Raising Objections No access
      3. 3. Rejection of the Objection by the Court No access
      4. 4. Amendment of the Schedule No access
      5. 5. Appeal No access
    9. 1. 1. Purpose of the Provision No access
      2. 2. Determination of the Fraction No access
    10. 1. 1. Purpose of the Provision No access
      2. 2. Realisation of the Insolvency Estate No access
      3. 3. Implementation of the Final Distribution No access
      4. 4. Approval of the Insolvency Court No access
      5. 5. Appeal No access
    11. 1. 1. Purpose of the Provision No access
      2. 2. Scheduling of the Final Meeting No access
      3. 3. Conduct of the Final Meeting No access
      4. 4. Discussion of the Final Accounts No access
      5. 5. Objections to the Final Schedule No access
      6. 6. Decision on Items that Cannot be Realised No access
      7. 7. Time Limits and Appeal No access
    12. 1. 1. Purpose of the Provision No access
      2. 2. Deposit No access
    13. 1. 1. Purpose of the Provision No access
      2. 2. Surplus on the Final Distribution No access
      3. 3. Handover of the Surplus No access
    14. 1. 1. Purpose of the Provision No access
      2. 2. Order for Termination No access
      3. 3. Publications No access
      4. 4. Legal Consequences of Termination of Proceedings No access
      5. 5. Return of Business Records No access
      6. 6. Appeal No access
    15. 1. 1. Purpose of the Provision No access
      2. 2. Unrestricted Right of Subsequent Claim No access
      3. 3. Enforcement under the Schedule No access
      4. 4. Change to the Content of Claims Filed for Inclusion in the Schedule No access
      5. 5. Issue of an Execution Copy of an Extract from the Schedule No access
      6. 6. Reservation of Residual Debt Discharge No access
    16. Section 202. Jurisdiction in Relation to Enforcement No access
    17. 1. 1. Purpose of the Provision No access
      2. 2. Requirements for a Subsequent Distribution No access
      3. 3. Order for a Subsequent Distribution No access
      4. 4. Subsequent Distribution in the Case of Insufficient Assets No access
    18. Section 204. Appeal No access
    19. Section 205. Implementation of the Subsequent Distribution No access
    20. Section 206. Exclusion of Preferential Creditors No access
  3. 1. 1. 1. Purpose of the Provision No access
      2. 2. Insufficient Assets No access
      3. 3. Conduct of the Proceedings No access
      4. 4. Enforcement by Creditors with Procedural Cost Claims No access
      5. 5. Subsequent Distribution No access
      6. 6. Effects of the Discontinuation of Proceedings No access
    2. 1. 1. Overview No access
      2. 2. Deficiency of Assets No access
      3. 3. Notification by the Administrator No access
      4. 4. Realisation and Management after Notification of Deficiency of Assets No access
      5. 5. Reversion to Standard Insolvency Proceedings No access
      6. 6. Appeal No access
    3. 1. 1. Purpose of the Provision No access
      2. 2. Order of Ranking of the Preferential Liabilities No access
      3. 3. New Preferential Liabilities No access
      4. 4. Old Preferential Liabilities No access
      5. 5. Reclamation No access
    4. 1. 1. Overview No access
      2. 2. Creditors Affected by the Prohibition of Enforcement No access
      3. 3. Enforcement in respect of New Preferential Liabilities No access
      4. 4. Deficiency of Assets and Discharge of Residual Debt No access
    5. 1. 1. Purpose of the Provision No access
      2. 2. Substantive Content of an Insolvency Plan in the Case of Deficiency of Assets No access
      3. 3. Formation of Groups No access
      4. 4. Voting on the Insolvency Plan No access
      5. 5. Termination of the Insolvency Proceedings No access
    6. 1. 1. General No access
      2. 2. Duties of the Insolvency Administrator No access
      3. 3. Subsequent Distribution No access
      4. 4. Discontinuation of the Proceedings No access
    7. Section 212. Discontinuation Where the Grounds for Commencement of Proceedings Cease to Exist No access
    8. 1. 1. Purpose of the Provision No access
      2. 2. Discontinuation after Expiry of the Time Limit for Filing Claims No access
      3. 3. Discontinuation Prior to Expiry of the Time Limit for Filing Claims No access
      4. 4. Procedure No access
    9. 1. 1. Purpose of the Provision No access
      2. 2. Procedure No access
      3. 3. Appeal No access
    10. Section 215. Publication and Effects of Discontinuation No access
    11. Section 216. Appeal No access
6. 1. 1. 1. Objective of the Insolvency Plan Procedure provided by the Insolvency Code No access
    2. 2. Course of the Insolvency Plan Procedure No access
    3. 3. Possible Content and Structuring of the Insolvency Plan No access
    4. Section 217. Principle No access
    5. 1. 1. Purpose of the Provision No access
      2. 2. Parties Entitled to Submit an Insolvency Plan No access
      3. 3. Right of the Creditors’ Meeting to Initiate a Plan No access
      4. 4. Submission of Several Plans No access
    6. Section 219. Structure of the Plan No access
    7. Section 220. Declaratory Part No access
    8. 1. 1. Purpose of the Provision No access
      2. 2. Declaratory Part No access
      3. 3. Constructive Part No access
    9. 1. 1. Purpose of the Provision No access
      2. a) Subsection (1) Sentence 1 No access
        b) Subsection (1) Sentence 2 No access
      3. 3. Formation of Groups pursuant to Subsection (2): Parties with Equivalent Economic Interests No access
    10. 1. 1. Purpose of the Provision No access
      2. 2. Creditors Entitled to Separate Satisfaction No access
      3. 3. Derogating Provisions No access
    11. Section 224. Rights of Insolvency Creditors No access
    12. 1. 1. Purpose of the Provision No access
      2. 2. Silence of the Insolvency Plan (Subsection (1)) No access
      3. 3. Derogating Provision (Subsection (2)) No access
    13. 1. 1. Purpose of the Provision No access
      2. 2. No Exhaustive List of Possible Arrangements (Subsection (3)) No access
      3. 3. Express Arrangement (Subsection (1)) No access
      4. a) Debt/Equity Swap No access
        b) Need for Consent No access
      5. 5. Ineffectiveness of Change of Control Clauses (Subsection (4)) No access
      6. 6. Withdrawal of Shareholders/Members; Settlement Claim (Subsection (5)) No access
    14. 1. 1. Purpose of the Provision No access
      2. 2. “Equal Rights” pursuant to Subsection (1) No access
      3. 3. “Affected Parties” pursuant to Subsection (2) No access
    15. 1. 1. Purpose of the Provision No access
      2. 2. Occurrence of the Discharge provided for in Subsection (1) No access
      3. 3. Accessory Security Interests No access
      4. 4. Personal Liability of the Partners (Subsection (2)) No access
    16. 1. 1. Purpose of the Provision No access
      2. 2. Declarations of Intent pursuant to Sentence 1 and their Validity No access
    17. 1. 1. Purpose of the Provision No access
      2. 2. Valuations in the Statement of Assets and Liabilities pursuant to Sentence 1 No access
      3. 3. Comparative Calculation with Break-up Values No access
      4. 4. Earnings and Financial Plan as per Sentence 2 No access
      5. 5. Unfiled Claims (Sentence 3) No access
    18. 1. 1. Purpose of the Provision No access
      2. 2. Continuation Declaration (Subsection (1)) No access
      3. 3. Non-Cash Offers (Subsection (2)) No access
      4. 4. Declarations by Third Parties (Subsection (3)) No access
    19. 1. 1. Purpose of the Provision No access
      2. a) Breach in relation to the Right to Submit a Plan or the Contents of the Plan (Subsection (1) No. 1) No access
        b) No Prospect of the Plan Being Accepted (Subsection (1) No. 2) No access
        c) Unachievability of a Plan (Subsection (1) No. 3) No access
      3. 3. Rejection of the Plan pursuant to Subsection (2) No access
      4. 4. Appeal No access
    20. Section 232. Comments on the Plan No access
    21. 1. 1. Purpose of the Provision No access
      2. 2. Stay of Realisation and Distribution of the Insolvency Estate No access
      3. 3. Refusal or Revocation of the Stay No access
    22. Section 234. Deposit of the Plan No access
  2. 1. 1. 1. Purpose of the Provision No access
      2. 2. Structure of the Meeting No access
    2. 1. 1. Purpose of the Provision No access
      2. 2. Chronological Priority of the Verification Meeting (Subsection (1)) No access
    3. 1. 1. Purpose of the Provision No access
      2. 2. Voting Right of the Insolvency Creditors No access
      3. 3. Voting Right of Creditors Entitled to Separate Satisfaction as Insolvency Creditors No access
    4. 1. 1. Purpose of the Provision No access
      2. 2. Discussion of the Rights of the Creditors Entitled to Separate Satisfaction pursuant to Subsection (1) Sentence 1 No access
      3. 3. Allocation of Voting Rights No access
    5. 1. 1. Purpose of the Provision No access
      2. 2. Voting Right No access
    6. Section 239. Voting List No access
    7. 1. 1. Purpose of the Provision No access
      2. 2. Admissibility of Amendments and Meeting Scheduling No access
    8. Section 241. Separate Voting Meeting No access
    9. Section 242. Written Vote No access
    10. 1. 1. Purpose of the Provision No access
      2. 2. Separate Voting in Groups No access
    11. 1. 1. Purpose of the Provision No access
      2. 2. Acceptance by all Groups No access
      3. 3. Required Majorities in the Groups as per Subsection (1) No access
      4. 4. Creditors with a Joint Right (Subsection (2)) No access
      5. 5. Acceptance by the Shareholders (Subsection (3)) No access
      6. 6. Subsequent Procedure No access
    12. 1. 1. Purpose of the Provision No access
      2. a) Necessity of a Comparative Calculation No access
        b) Review by the Court of the “Feasibility” of the Plan No access
        c) Less Favourable Treatment “Likely No access
      3. 3. Reasonable Participation for a Group of Creditors, Subsection (1) No. 2 in conjunction with Subsection (2) No access
      4. 4. Reasonable Participation for a Group of Shareholders, Subsection (1) No. 2 in conjunction with Subsection (3) No access
      5. 5. Approval of the Majority of the Voting Groups (Subsection (1) No. 3) No access
    13. Section 246. Approval of Subordinated Insolvency Creditors No access
    14. Section 246a. Approval of the Shareholders No access
    15. 1. 1. Purpose of the Provision No access
      2. 2. Ineffectiveness of the Objection (Subsection (2)) No access
    16. 1. 1. Purpose of the Provision No access
      2. 2. Court Confirmation of the Plan No access
    17. Section 248a. Court Confirmation of Plan Correction No access
    18. 1. 1. Purpose of the Provision No access
      2. 2. Requirements for Confirmation of the Plan pursuant to Sentence 1 No access
    19. Section 250. Breach of Procedural Provisions No access
    20. 1. 1. Purpose of the Provision No access
      2. 2. Prohibition of Less Favourable Treatment (Subsection (1) No. 2) No access
      3. 3. Contingency Clauses (Subsection (3)) No access
    21. Section 252. Publication of the Decision No access
    22. 1. 1. Purpose of the Provision No access
      2. 2. Requirements No access
  3. 1. 1. 1. Purpose of the Provision No access
      2. 2. Effects No access
    2. Section 254a. Rights in Objects. Other Effects of the Plan No access
    3. Section 254b. Effect for all Parties Concerned No access
    4. 1. 1. Purpose of the Provision No access
      2. 2. Scope of Application No access
      3. 3. Default No access
      4. 4. New Insolvency Proceedings pursuant to Subsection (2) No access
    5. Section 256. Disputed Claims. Shortfall Claims No access
    6. Section 257. Enforcement based on the Plan No access
    7. Section 258. Termination of the Insolvency Proceedings No access
    8. 1. 1. Purpose of the Provision No access
      2. 2. Lawsuits No access
    9. Section 259a. Protection from Enforcement No access
    10. 1. 1. Purpose of the Provision No access
    11. 1. 1. Purpose of the Provision No access
      2. 2. Monitoring No access
      3. 3. Takeover Companies No access
    12. Section 261. Duties and Powers of the Insolvency Administrator No access
    13. Section 262. Insolvency Administrator’s Duty of Notification No access
    14. 1. 1. Purpose of the Provision No access
      2. 2. Legal Transactions Affected No access
    15. 1. 1. Purpose of the Provision No access
      2. 2. Cumulative Requirements No access
      3. 3. Effects No access
    16. Section 265. Subordination of New Creditors No access
    17. 1. 1. Effect in Subsequent Proceedings No access
      2. 2. Creditor Structure in the Second Insolvency No access
    18. Section 267. Notification of Monitoring No access
    19. Section 268. Termination of Monitoring No access
    20. Section 269. Costs of Monitoring No access
    21. 1. Insolvency Plan No access
      2. 1. The Safeguard Plan (Plan de sauvegarde) and the Restructuring Plan (Plan de redressement) No access
      3. 2. The Restructuring Plan versus the Safeguard Plan No access
      4. 3. Adoption of the Plan for Continued Operation of Business (in the Form of a Safeguard or Restructuring Plan) No access
      5. 4. Specific Features in Connection with Adoption of the Plan for Continued Operation of Business in Proceedings Involving Creditors’ Committees No access
    22. 1. Alternatives to Insolvency Proceedings: Proceedings for Overcoming Financial Distress No access
      2. 1. Certified Restructuring Plan (Article 67 (3) (d) of the Insolvency Act, IA) No access
      3. a) Subject of the Debt Restructuring Agreement No access
        b) Pre-Agreement (il preaccordo) No access
        c) Payment of Old Liabilities and Use of Financing No access
        d) Subsequent Insolvency Proceedings No access
      4. a) Application for Composition Proceedings No access
        b) Subject of the Composition Plan No access
        c) Blank Composition Proceedings No access
        d) Competing Composition Proposal and Competing Offer No access
        e) Supervisor, Ongoing Contracts, and Old Liabilities No access
        f) Subsequent Insolvency Proceedings No access
    23. 1. Insolvency Plan No access
    24. 1. Insolvency Plan No access
      2. 1. Types of Proceedings No access
      3. 2. Power of Proposal No access
      4. 3. Discontinuation of Liquidation of the Bankruptcy Estate and Obstacles to Discontinuation No access
      5. 4. Creditors’ Meeting, Voting, and Termination of Composition Proceedings No access
    25. 1. Insolvency Plans No access
      2. 1. General Remarks No access
      3. 2. “Insolvency plan” Procedures under English Insolvency Legislation No access
      4. a) Company Voluntary Arrangement (CVA) No access
      5. b) Individual Voluntary Arrangement (IVA) No access
      6. c) “Insolvency Plan” Procedures under Companies Legislation No access
    26. 1. The Plan No access
      2. a) Preparation of the Plan No access
        b) Content of the Plan No access
        c) Disclosure Statement No access
        d) Voting on the Plan No access
        e) Confirmation of the Plan No access
        f) Post-Confirmation No access
      3. 2. The Chapter 11 BC Liquidation Plan No access
    27. 1. Rehabilitation Plan No access
      2. a) Structure and Content No access
        b) Procedure No access
      3. 2. Capital Reduction with Subsequent Capital Increase No access
      4. a) Restriction of Shareholder Rights No access
        b) Capital Reduction No access
        c) Amendment to the Articles of Association No access
        d) Capital Increase No access
        e) Capital Reorganisation No access
        f) Balance between Creditors and Shareholders No access
7. 1. 1. 1. 1. Purpose of the Provision No access
      2. 2. Substance No access
      3. a) General No access
        b) Duty to Provide Information No access
        c) Additional Duties to Cooperate No access
      4. a) Must Information be Provided without Being Requested No access
        b) No Detriment to the Interests of the Parties to the Proceedings No access
        c) The Term “Common Interest” No access
      5. 5. Enforcement of the Duty to Cooperate No access
      6. 6. Self-Administration No access
    2. 1. 1. Purpose of the Provision No access
      2. 2. Scope of Application No access
      3. a) Persons Covered by the Provision Contained in Section 269b No access
      4. b) Standard Cases pursuant to Section 269b Sentence 2 No access
      5. c) Form of the Cooperation No access
      6. 3. Implementation of the Duty to Cooperate/Liability No access
      7. 4. Own Initiative No access
      8. 5. Limitless Cooperation No access
      9. 6. Procedural Acts Outside of the Standard Cases No access
    3. 1. 1. Purpose of the Provision No access
      2. a) Application No access
        b) Hearing No access
        c) Discretion No access
        aa) Size of the Group Creditors’ Committee No access
        bb) Creditors’ Committees of Secondary Importance No access
        cc) Members of the Group Creditors’ Committee No access
        dd) Employee Representative as Mandatory Member No access
        e) Group Creditors’ Committee and Creditors’ Meetings No access
      3. 3. Appeal No access
      4. a) Appointment of the Proceedings Coordinator No access
        b) Approval of the Coordination Plan No access
        c) Duties to Cooperate No access
        d) Relationship between the Group Creditors’ Committee and Creditors’ Committees No access
        e) No Decision-Making Power on the part of the Group Creditors’ Committee concerning the use of the Coordination Plan as a Basis in the Individual Proceedings No access
      5. a) Invitation to Meetings No access
        b) Adoption of Resolutions No access
        c) Duty of Confidentiality No access
        d) Conflict of Interests No access
      6. 6. Resignation/Removal from the Group Creditors’ Committee No access
  2. 1. 1. 1. Purpose of the Provision No access
      2. 2. Coordination Proceedings – Structure and European Insolvency Regulation No access
      3. 3. Request for Institution of Coordination Proceedings No access
      4. 4. Merits of the Application: Discretionary Decision on the Institution of Proceedings No access
      5. 5. Practice Notes No access
    2. 1. 1. Purpose of the Provision No access
      2. 2. The Person Appointed as Coordinator No access
      3. 3. Group Creditors’ Committee and Other Matters No access
    3. 1. 1. Purpose of the Provision No access
      2. 2. Duties of the Proceedings Coordinator No access
      3. 3. Insolvency Administrators’ Duty to Cooperate No access
      4. 4. Other Applicable Provisions: Sections 56 to 60 and 62 to 65 No access
    4. 1. 1. Purpose of the Provision No access
      2. 2. Claim for Remuneration, Expenses, Standard Rate No access
      3. 3. Additions and Deductions, Expenses, Procedure No access
      4. 4. Cost Allocation (Subsection (2)), Debtor, Liability No access
    5. 1. 1. Purpose of the Provision No access
      2. 2. The Coordination Plan Tool No access
      3. 3. Content of the Coordination Plan No access
      4. 4. Proposed Structure of a Coordination Plan No access
      5. a) Entitlement to Present a Plan No access
        b) Pending Nature of the Coordination Proceedings No access
        c) Approval of the Group Creditors’ Committee No access
        d) Checking and Confirmation by the Coordination Court No access
      6. 6. Legal Remedy against Confirmation of the Coordination Plan No access
    6. 1. 1. Purpose of the Provision No access
      2. 2. Explanation of the Coordination Plan at the Creditors’ Meeting No access
      3. 3. Decision of the Creditors’ Meeting on the Coordination Plan No access
    7. 1. Group Insolvency Law No access
      2. a) General Concentration of Jurisdiction No access
        aa) Subject Matter Jurisdiction No access
        bb) Territorial Jurisdiction No access
      3. 2. Special Rules for Appointment of the Organs of the Proceedings, Particularly in Relation to Group Insolvency Situations No access
    8. 1. Group Insolvency Law No access
    9. 1. Group Insolvency Law No access
    10. 1. Group Insolvency Law No access
      2. 1. Fundamentals of the Law of Corporate Groups in Poland No access
      3. 2. Special Arrangements in Group Insolvency Law in Poland No access
      4. 3. Special Arrangements in Group Insolvency Law at EU Level No access
    11. 1. Insolvency over the Assets of Groups of Companies No access
    12. 1. Group Insolvency Law No access
      2. 1. Joint Administration No access
      3. 2. Substantive Consolidation – Theory No access
      4. 3. Substantive Consolidation – Practice No access
      5. 4. Other Provisions Addressing Company Groups No access
    13. 1. Group Insolvency Law No access
8. 1. 1. 1. Basic Principles and Regulatory Purpose of Self-Administration Proceedings No access
    2. 2. Requirements for Issue of Order No access
    3. 3. Basic Structure of Self-Administration Proceedings No access
    4. 4. Refusal of Application for Self-Administration No access
    5. 5. Validity of the General Provisions/Consumer Insolvency Proceedings No access
  2. 1. 1. Self-Administration and Preliminary Insolvency Proceedings No access
    2. 2. Requirements for the Appointment of a Preliminary Supervisor No access
    3. 3. Legal Status of the Preliminary Supervisor No access
  3. 1. 1. Purpose of the New Rule No access
    2. 1. a) Grounds for Insolvency No access
      2. b) Obligatory Applications by the Debtor No access
      3. c) Statement No access
      4. d) Other Requirements No access
    3. 1. a) Other Legal Consequences No access
      2. b) Revocation of the Protective Shield No access
      3. c) Transition to Commencement of Proceedings No access
  4. 1. 1. Purpose of the Provision No access
    2. 2. Detailed Analysis No access
  5. 1. 1. Purpose of the Provision No access
    2. 2. Rights and Duties of the Debtor No access
    3. 3. The Role of the Supervisor No access
  6. 1. 1. Purpose of the Provision No access
    2. 1. a) Creditors’ Meeting No access
      2. b) Protection of the Individual Creditor No access
      3. c) Insolvency Administrator as Supervisor No access
  7. 1. 1. Request by the Creditors’ Meeting (Subsection (1) No. 1) No access
    2. 1. a) Threat of Significant Detriment No access
      2. b) Requirements for the Order No Longer Met No access
      3. c) Formal Requirements No access
    3. 3. Request by the Debtor (Subsection (1) No. 3) No access
    4. 4. Legal Consequences No access
    5. 5. Appeal No access
  8. Section 273. Publication No access
  9. 1. 1. Purpose of the Provision No access
    2. 2. Legal Status and Appointment of the Supervisor No access
    3. 3. Liability of the Supervisor No access
    4. 4. Remuneration of the Supervisor No access
    5. 5. Duty of Notification No access
  10. 1. 1. Purpose of the Provision No access
    2. 2. Liabilities and Course of Business No access
    3. 3. Requirement for Approval No access
    4. 4. Supervisor’s Right of Objection No access
    5. 5. Right of the Supervisor to Manage the Cash Account No access
  11. 1. 1. Purpose of the Provision No access
    2. 1. a) Concept of a Legal Act No access
      2. b) Important Legal Acts No access
      3. c) Obtaining Consent No access
  12. 1. 1. Purpose of the Provision No access
    2. 2. Detailed Analysis No access
  13. 1. 1. Purpose of the Provision No access
    2. 1. a) Application by the Creditors’ Meeting No access
      2. b) Concept of “Transaction” No access
      3. c) Urgent Cases No access
  14. 1. 1. Purpose of the Provision No access
    2. 2. Detailed Analysis No access
  15. 1. 1. Purpose of the Provision No access
    2. 1. a) Expected (as Opposed to Mandatory) Agreement No access
      2. b) Rights Subject to Approval No access
  16. 1. 1. Purpose of the Provision No access
    2. 2. Detailed Analysis No access
  17. 1. 1. Purpose of the Provision No access
    2. 2. Detailed Analysis No access
  18. 1. 1. Purpose of the Provision No access
    2. 2. Detailed Analysis No access
  19. 1. 1. Purpose of the Provision No access
    2. 2. Detailed Analysis No access
  20. 1. 1. Purpose of the Provision No access
    2. 1. a) Right of Submission No access
      2. b) Monitoring Implementation of the Plan No access
  21. Section 285. Deficiency of Assets No access
  22. 1. Self-Administration No access
    2. 1. a) Self-Administration during Safeguard Proceedings (Procédure de sauvegarde) No access
      2. b) Self-Administration during Restructuring Proceedings (Procédure de redressement) No access
    3. 2. No Self-Administration in Liquidation Proceedings No access
    4. 3. Consequences of Acts undertaken by the Debtor Ultra Vires No access
  23. 1. Self-Administration No access
  24. 1. Self-Administration No access
  25. 1. Self-Administration No access
    2. 1. Reform of Polish Insolvency Law No access
    3. 2. Principle of Self-Administration in Restructuring Proceedings No access
    4. 3. Exception in Remedial Proceedings No access
  26. 1. Debtor-in-Possession Proceedings No access
  27. 1. Debtor-in-Possession No access
    2. 1. Debtor-in-Possession is the Rule in Chapter 11 BC No access
    3. 2. The Rights of the Debtor-in-Possession No access
    4. 3. Practical Considerations No access
  28. 1. Self-Administration No access
9. 1. Section 286. Principle No access
  2. Section 287. Debtor’s Application No access
  3. Section 287a. Decision of the Insolvency Court No access
  4. Section 287b. Debtor’s obligation to secure income No access
  5. Section 288. Appointment of the Trustee No access
  6. Section 289. Discontinuation of the Insolvency Proceedings No access
  7. 1. 1. Purpose of the Provision No access
    2. 2. In Detail No access
  8. Section 291. (repealed) No access
  9. Section 292. Legal Status of the Trustee No access
  10. Section 293. Remuneration of the Trustee No access
  11. Section 294. Equal Treatment of Creditors No access
  12. 1. 1. Purpose of the Provision No access
    2. 2. In Detail No access
  13. Section 296. Breach of Obligations No access
  14. Section 297. Insolvency Offences No access
  15. Section 297a. Grounds for Refusal Emerging Subsequently No access
  16. Section 298. Cover for the Trustee’s Minimum Remuneration No access
  17. Section 299. Premature Termination No access
  18. Section 300. Decision on Discharge of Residual Debt No access
  19. Section 300a. New Asset Acquisitions in Ongoing Insolvency Proceedings No access
  20. Section 301. Effect of Discharge of Residual Debt No access
  21. Section 302. Excluded Claims No access
  22. Section 303. Revocation of Discharge of Residual Debt No access
  23. Section 303a. Registration in the List of Debtors No access
10. 1. Section 304. Principle No access
  2. Section 305. Debtor’s Application for Commencement of Insolvency Proceedings No access
  3. Section 305a. Failure of Out-of-Court Debt Settlement No access
  4. Section 306. Suspension of Proceedings No access
  5. Section 307. Service on the Creditors No access
  6. Section 308. Acceptance of the Debt Settlement Plan No access
  7. Section 309. Substitution of Approval No access
  8. Section 310. Costs No access
  9. Section 311. Resumption of Proceedings Relating to the Application for Commencement of Insolvency Proceedings No access
  10. Sections 312–314 (repealed) No access
  11. 1. Consumer Insolvency Proceedings and Discharge of Residual Debt No access
    2. 1. Discharge of Residual Debt No access
    3. 1. aa) Debt settlement proceedings (traitement du surendettement) No access
        bb) Discharge of residual debt proceedings (rétablissement personnel) No access
      2. b) Special Local Law in the Départements of Alsace and Moselle No access
  12. 1. Consumer and Civil Insolvency No access
    2. 1. Overview No access
    3. 2. Debt Restructuring Agreement No access
    4. 3. Restructuring Plan No access
    5. 4. Asset Liquidation No access
    6. 5. Distress Resolution Authority No access
  13. 1. Consumer Insolvency Proceedings No access
  14. 1. Consumer Bankruptcy Proceedings No access
    2. 1. Scope of Consumer Bankruptcy Proceedings No access
    3. 2. Requirements for Commencement of Consumer Bankruptcy Proceedings No access
    4. 3. Realisation of Assets No access
    5. 4. Payment Plan and Discharge of Residual Debt No access
  15. 1. Insolvency Proceedings for Consumers No access
  16. 1. Consumer Bankruptcy No access
    2. 1. Means Test No access
    3. 2. Chapter 7 BC No access
    4. 3. Chapter 13 BC No access
  17. 1. Consumer Insolvency Proceedings No access
11. 1. 1. 1. Liabilities of the Estate No access
    2. 1. a) Provisional Heir No access
      2. b) Limitation of Liability No access
      3. c) Liability of Heirs in a Community of Heirs No access
    3. 1. 1. Purpose of the Provision No access
      2. 2. Debtor No access
      3. 3. Insolvency Estate No access
      4. 4. Procedural Matters No access
    4. 1. 1. Purpose of the Provision No access
      2. 2. Subsection (1) Alternative 1 No access
      3. 3. Subsection (1) Alternative 2 No access
      4. 4. Subsections (1) and (2) No access
    5. 1. 1. Purpose of the Provision No access
      2. 2. Detailed Analysis No access
      3. a) Duty to Apply No access
      4. b) Heir’s Right of Application No access
      5. c) Right of Application of the Administrator, Curator and Executor of the Estate No access
      6. d) Creditors’ Right of Application No access
      7. e) Insolvent Heir No access
    6. Section 318. Right of Application in Case of Joint Marital Property No access
    7. Section 319. Time Limit for Application No access
    8. 1. 1. Purpose of the Provision No access
      2. 2. Detailed Analysis No access
    9. 1. 1. Purpose of the Provision No access
      2. 2. Detailed Analysis No access
    10. Section 322. Avoidable Legal Acts by the Heir No access
    11. Section 323. Heir’s Expenses No access
    12. 1. 1. Purpose of the Provision No access
      2. 2. Detailed Analysis No access
    13. Section 325. Liabilities of the Estate No access
    14. 1. 1. Purpose of the Provision No access
      2. a) Subsection (1) No access
        b) Subsection (2) No access
        c) Subsection (3) No access
    15. 1. 1. Purpose of the Provision No access
      2. a) Subsection (1) No access
        b) Subsection (2) No access
        c) Subsection (3) No access
    16. 1. 1. Purpose of the Provision No access
      2. 2. Detailed Analysis No access
    17. Section 329. Subsequent Succession No access
    18. 1. 1. Purpose of the Provision No access
      2. 2. Detailed Analysis No access
    19. 1. 1. Purpose of the Provision No access
      2. 2. Subsection (1) No access
      3. 3. Subsection (2) No access
  2. 1. 1. 1. Purpose of the Provision No access
      2. a) Liability Position in Substantive Law No access
        b) Insolvency Creditors No access
        c) Right of Application No access
        d) Insolvency Estate No access
        e) Grounds for Commencement No access
  3. 1. 1. 1. Purpose of the Provision No access
      2. 2. Detailed Analysis No access
    2. Section 334. Personal Liability of the Spouses No access
    3. 1. Insolvency of a Deceased’s Estate No access
      2. a) Commencement of Insolvency Proceedings concerning a Deceased’s Assets No access
        b) Acceptance of Inheritance subject to Preparation of an Inventory No access
      3. 2. Special Provisions under Local Law: the Situation in the three Départements in Alsace and Moselle No access
    4. 1. Insolvency Proceedings Relating to a Deceased’s Estate No access
    5. 1. Insolvency of a Deceased’s Estate No access
    6. 1. Deceased’s Estate No access
      2. 1. Main Features of Bankruptcy Proceedings in Respect of a Deceased’s Estate in Polish Law No access
      3. 2. Requirements for Commencement of Bankruptcy Proceedings in Respect of a Deceased’s Estate No access
      4. 3. Legal Effects No access
      5. 4. Enforcement Order No access
      6. 5. Death of the Insolvency Debtor following Commencement of Bankruptcy Proceedings No access
    7. 1. The Administration of Insolvent Estates of Deceased Persons No access
      2. 1. Introduction No access
      3. 2. Regulatory Framework No access
      4. 3. Process and Administration of the Estate No access
    8. 1. Insolvency of a Deceased’s Estate No access
    9. 1. Insolvency of a Deceased’s Estate No access
12. 1. 1. 1. a) Universality and Territoriality No access
      2. b) Governing Law No access
    2. 2. Entry into Force and Applicability of Section 335 et seq No access
    3. 3. European Insolvency Regulation No access
    4. 1. a) Legal Sources No access
      2. b) Situations Outside the EIR No access
      3. c) Situations within the EIR No access
    5. 1. a) Treaties with Switzerland No access
      2. b) UNCITRAL Model Law No access
      3. c) Credit Institutions, Investment Firms and Insurance Undertakings No access
    6. 1. 1. Purpose of the Provision No access
      2. 2. Definition of Insolvency Proceedings No access
      3. 3. Effects of Insolvency Proceedings; lex fori concursus No access
      4. 4. Ordre Public Objection to Section 335 No access
      5. 5. International Group Insolvency Law No access
    7. 1. 1. Purpose of the Provision No access
      2. 2. Contracts Relating to Rights in Rem in Immovable Property No access
      3. 3. Contracts Relating to Rights to Make Use of Immovable Property No access
      4. 4. Ships and Aircraft No access
      5. 5. Temporal Application No access
      6. 6. Difference from EU Law No access
      7. a) Notes for Legal Advice Practice No access
        b) Real Property in Germany No access
        c) Preliminary Insolvency Proceedings No access
    8. 1. 1. Purpose of the Provision No access
      2. 2. Concept of Employment Relationship No access
      3. 3. Difference from EU Law No access
      4. 4. Place of Jurisdiction No access
      5. 5. Practice Notes No access
    9. 1. 1. Purpose of the Provision No access
      2. 2. Grounds for Set-off Position No access
      3. a) Principle of lex fori concursus No access
        b) Exception of Section 338 on Grounds of Protection of the Law No access
        c) Time Limitations No access
      4. 4. Difference from EU Law No access
      5. 5. Practice Notes No access
    10. 1. 1. Purpose of the Provision No access
      2. aa) Avoidance in Insolvency by the Insolvency Administrator No access
        bb) Reversal of Enforcement pursuant to Section 88 No access
        cc) Avoidable Set-off pursuant to Section 96 (1) No. 3 No access
        b) Examination pursuant to the lex fori concursus No access
      3. 3. Validity of Another Legal System No access
      4. a) No Restriction on Avoidance in Insolvency Law No access
        b) Accumulation for Calculating Time Limits No access
        c) No Accumulation of Procedural Requirements No access
        d) No Accumulation for the Limitation Period No access
        e) No Accumulation of Legal Consequences No access
      5. 5. Burden of Proof and Argument No access
      6. 6. Relation to Other Reference Rules No access
      7. 7. Vis Attractiva Concursus No access
      8. 8. Difference from the EIR No access
      9. a) Review of Foreign Legal Systems No access
        b) Structuring Possibilities No access
        c) Problems in Legal Practice No access
    11. 1. 1. Purpose of the Provision No access
      2. 2. Organised Markets (Subsection (1)) No access
      3. 3. Repurchase Agreements, Contracts for Novation, Netting Agreements (Subsection (2)) No access
      4. 4. Systems pursuant to Section 1 (16) of the Banking Act No access
      5. 5. Particular Aspects of EU Law No access
    12. 1. 1. Purpose of the Provision No access
      2. 2. Filing of Claims by Creditors (Subsection (1)) No access
      3. aa) Creditor Interest No access
        bb) Form of Filing No access
        cc) Withdrawal of filing No access
        b) No Filings by the Insolvency Administrator No access
      4. a) Legal Fiction No access
        b) Requirements No access
        c) Scope of Authorisation No access
      5. 5. Difference from EU Law No access
      6. 6. Practice Notes No access
    13. 1. 1. Purpose of the Provision No access
      2. a) Principle No access
        b) Requirements No access
        c) Legal Consequences No access
      3. a) Recognition of Satisfaction No access
        b) Imputation in Other Insolvency Proceedings No access
      4. 4. Right to Information (Subsection (3)) No access
      5. 5. Difference from EU Law No access
      6. 6. Practice Notes No access
  2. 1. 1. 1. Purpose of the Provision No access
      2. aa) Insolvency Proceedings No access
        bb) Effectiveness of Commencement No access
        b) Legal Consequences No access
      3. a) Insolvency Court has no Jurisdiction (No. 1) No access
        b) Violation of the ordre public (No. 2) No access
      4. a) Protective Measures No access
        b) Other Decisions No access
    2. 1. 1. Purpose of the Provision No access
      2. 2. Preliminary Administration Abroad No access
      3. 3. Application by Administrator No access
      4. 4. Securing Assets Covered by Domestic Secondary Insolvency Proceedings No access
      5. 5. Competent Insolvency Court No access
      6. 6. Measures under Section 21 No access
      7. 7. Immediate Appeal No access
      8. 8. Practice Notes No access
    3. 1. 1. Purpose of the Provision No access
      2. a) Recognition of Commencement of Proceedings No access
        b) Application by Foreign Administrator for Publication or Publication ex officio No access
        c) Protective Measures No access
      3. 3. Legal Consequences No access
      4. 4. Jurisdiction No access
      5. 5. Costs No access
      6. 6. Immediate Appeal No access
      7. 7. Practice Notes No access
    4. 1. 1. Purpose of the Provision No access
      2. a) Recognition of Commencement of Proceedings No access
        b) Restriction on Power of Disposal No access
        c) Application by the Foreign Administrator No access
      3. a) Request to Land Registry No access
        b) Ships and Aircraft No access
        c) Cancellation of Entry No access
      4. 4. Jurisdiction No access
      5. 5. Immediate Appeal No access
    5. 1. 1. Purpose of the Provision No access
      2. 2. Proof of Appointment (Subsection (1)) No access
      3. 3. Informing the Insolvency Court (Subsection (2)) No access
    6. 1. 1. Purpose of the Provision No access
      2. 2. Jurisdiction for Decisions pursuant to Sections 344 to 346 No access
      3. 3. Concentration of Jurisdiction No access
      4. 4. Cooperation between Insolvency Courts No access
      5. 5. Practice Notes No access
    7. 1. 1. Purpose of the Provision No access
      2. a) Requirements No access
        b) Legal Consequences No access
      3. 3. Priority Notice No access
    8. 1. 1. Purpose of the Provision No access
      2. 2. Requirements No access
      3. 3. Legal Consequences No access
      4. 4. Reversal of Burden of Proof No access
      5. 5. Practice Notes No access
    9. 1. 1. Purpose of the Provision No access
      2. a) General Scheme No access
        aa) Entitlement to Segregation or Separate Satisfaction of a Third Party No access
        bb) In Assets of the Insolvency Estate No access
        cc) Situated on Domestic Territory at the Time of Commencement No access
        c) Legal Consequence No access
        d) Consequences and Strategic Options No access
      3. a) Debtor’s Rights in Immovable Assets No access
        b) Situated on Domestic Territory No access
        c) Applicability of German law No access
        d) Validity of Section 336 Sentence 2 No access
      4. 4. Practice Notes No access
    10. 1. 1. Purpose of the Provision No access
      2. a) By Commencement of Insolvency (Subsection (1)) No access
        b) By Transfer of the Power of Management and Disposal (Subsection (2)) No access
        c) Legal Consequences No access
        d) End of Interruption No access
      3. 3. Resumption of Legal Disputes in Court No access
    11. 1. 1. Purpose of the Provision No access
      2. 2. Decision in Foreign Insolvency Proceedings No access
      3. 3. Domestic Enforcement No access
  3. 1. 1. 1. Purpose of the Provision No access
      2. a) Main Insolvency Proceedings Not Possible on Domestic Territory No access
        b) Establishment or Assets on Domestic Territory No access
        c) Right of Application No access
      3. aa) Domestic Assets Attached to the Insolvency Estate No access
        bb) No Restriction on Claims of Insolvency Creditors and New Liabilities of the Estate No access
        cc) Review of Grounds for Insolvency No access
        dd) Coverage of Procedural Costs of Insolvency No access
        b) Limitation of Main Insolvency Proceedings No access
      4. 4. Jurisdiction No access
      5. 5. Practice Notes No access
    2. 1. 1. Purpose of the Provision No access
      2. 2. Discharge of Residual Debt No access
      3. 3. Insolvency Plan No access
      4. 4. Practice Notes No access
    3. 1. 1. Purpose of the Provision No access
      2. 2. Admissibility of Secondary Insolvency Proceedings No access
      3. 3. Foreign Administrator’s Right of Application No access
      4. 4. No Examination of Grounds for Commencement No access
      5. 5. Practice Notes No access
    4. 1. 1. Purpose of the Provision No access
      2. 2. Notification No access
      3. 3. Right to Submit Proposals for Realisation and Management No access
      4. 4. Right to Attend Creditors’ Meetings No access
      5. 5. Right to Initiate Insolvency Plan No access
    5. 1. 1. Purpose of the Provision No access
      2. 2. Surplus on Final Distribution No access
    6. 1. International Insolvency Law No access
      2. 1. Jurisdiction of the French Courts No access
      3. 2. Effects of Commencement of French Insolvency Proceedings No access
      4. a) Effects of Foreign Insolvency Proceedings without Exequatur No access
        b) Exequatur Proceedings No access
        c) Effects of Foreign Insolvency Proceedings following Exequatur No access
    7. 1. International Insolvency Law No access
    8. 1. International Insolvency Law No access
    9. 1. International Insolvency Law No access
      2. 1. Applicable Provisions No access
      3. 2. Necessity of Recognition Proceedings No access
      4. 3. Effects of Recognition No access
      5. 4. Powers and Duties of the Foreign Trustee No access
      6. 5. Modification and Revocation of Recognition No access
      7. 6. Special Provisions in the Case of Secondary Insolvency Proceedings No access
    10. 1. International Insolvency Law No access
      2. 1. Introduction No access
      3. 2. Regulatory Framework No access
      4. 3. Main Features No access
    11. 1. International Insolvency Law No access
      2. 1. Chapter 15 BC No access
      3. 2. Relief Available to the Foreign Proceeding, Sections 1519 to 1521 BC No access
      4. 3. Qimonda No access
      5. 4. Applicable Bankruptcy Law – For Example: Avoidance Actions No access
      6. 5. Filing for Chapter 15 BC and Costs No access
    12. 1. International Insolvency Law No access
      2. 1. Petition for Recognition and Assistance No access
      3. 2. Recognition Order No access
      4. 3. Measures accompanying the Recognition and Assistance Proceedings No access
      5. 4. Recognition Trustee No access
      6. 5. Provisional Administration Order No access
      7. 6. Rescission of Recognition No access
      8. 7. Conflict with Domestic/Japanese Insolvency Proceedings No access
13. 1. Section 359. Reference to the Introductory Act No access
14. Appendix I. The Civil, Tax and Criminal Liability of the Management of a Company in Financial Crisis No access Pages 969 - 990
15. Appendix II. Glossary No access Pages 991 - 1020
16. Appendix III. UNCITRAL Model Law No access Pages 1021 - 1096
17. Appendix IV. Insolvency Courts in Germany No access Pages 1097 - 1104
18. Index No access Pages 1105 - 1134