International Corporate Rescue
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Vol 20 (2023) - Issue 2
Article preview
EU Commission’s Proposal for a Directive on the Harmonisation of Certain Aspects of Insolvency Law: Pre-Pack Proceedings Available Soon in Germany?
Joachim Ponseck, Partner, and Professor Dr Artur M. Swierczok, Counsel, Baker McKenzie, Frankfurt am Main, GermanySynopsis
With its Draft Directive, the EU Commission is paving the way for a harmonisation of material insolvency law within the European Union. This newsletter is intended to provide an initial overview of which areas are to be harmonised under the Draft Directive and especially what changes and impact the introduction of 'pre-pack proceedings' would cause on the existing German insolvency law.
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