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Impact of the Covid-19 Pandemic on Commercial Leases in Germany

Impact of the Covid-19 Pandemic on Commercial Leases in Germany

Published: 09 Mar 2021

Secretly, quietly, on Dec. 22, 2020, German lawmakers passed a law that will have a revolutionary impact on existing commercial leases in times of the corona pandemic. This opens up significant negotiating potential for commercial tenants in terms of rent amounts and forces landlords to take precautions to safeguard liquidity. The Act contains the following provision: "If, as a result of gove...

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German Reform of Insolvency Law Enters Into Force: Shortened Discharge of Residual Debt and Introduction of New Reorganization Options, Especially for Corona "Victims"

German Reform of Insolvency Law Enters Into Force: Shortened Discharge of Residual Debt and Introduction of New Reorganization Options, Especially for Corona "Victims"

Published: 25 Feb 2021

At the turn of the year, two important laws reforming insolvency law in Germany came into force. The Act on the Further Shortening of Residual Debt Relief Proceedings came into force with retroactive effect (!) from 01.10.2020, while the Act on the Further Development of Restructuring and Insolvency Law came into force on 01.01.2021. The Act on the Further Shortening of the Residual Debt Relief Pr...

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