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The German COVID-19 Insolvency Suspension Act (COVInsAG)
Dr. Artur M. Swierczok, Senior Associate, CMS Germany, Frankfurt am Main, GermanySynopsis
The spreading COVID-19 pandemic has placed an almost unimaginable burden on private and economic life worldwide. With a view to reduce the devastating effects of the COVID-19 pandemic, the German federal government has initiated since end of March 2020 a wide range of economic and legal support measures for consumers and businesses. One of these measures is the so called COVID-19 Insolvency Suspension Act. It provides for far-reaching changes in the area of German insolvency law and is the subject of this article.
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