Dr Marvin Knapp

Marvin Knapp

Updates

Insolvency & Restructuring

Federal Court endorses impairment of shareholder rights in restructurings
Germany | 30 April 2010

The Federal Court recently had to rule on the circumstances in which an illiquid and over-indebted unlimited liability partnership (structured as a limited company and general partnership) could effectively exclude dissenting partners from a partnership where they were unwilling to participate in a rescue capital increase.

New Bond Regulation to Facilitate Restructuring
Germany | 20 November 2009

A new bond regulation has entered into force. The reform was held to be overdue and necessary in order to adapt to the needs of modern international markets and to allow for the restructuring of bonds issued in Germany, which has hitherto proved virtually impossible.