We advise German, Austrian and Swiss companies and their German subsidiaries on all issues relating in economic distress in Germany, including insolvency. We can provide consulting services in German, French or English.
Managing directors of companies in Germany are required to file a petition for the opening of insolvency proceedings with the competent German insolvency court “without delay” in the event of insolvency or overindebtedness of their company, but no later than three weeks after the occurrence of the insolvency.
German insolvency law shows significant and practically relevant differences to French, Belgian or Swiss insolvency law. This is why it is important to promptly seek German legal advice in French law in order to clarify all legal and practical issues.
Our insolvency law team with intercultural experience will inform you about all of the relevant legal and practical issues in Germany and then give you clear guidance on the best course of action.