In the past, many German businesses seeking formal court-based restructuring turned to English law. English schemes of arrangement and, more recently, restructuring plans provided a framework that many German companies found particularly effective. However, with the evolution of German insolvency plan proceedings (Insolvenzplanverfahren) and the introduction of the StaRUG, German businesses now have a range of sophisticated domestic restructuring options at their disposal.
So, are English procedures still relevant? As our speakers will explain in this insightful webinar, both German and English procedures continue to play an important role in the restructuring toolkit for German businesses. Moreover, the contrasting approaches of English and German law offer valuable insights into each system.