Groups of Companies in Insolvency: A German Perspective

Medientyp: E-Artikel
Titel: Groups of Companies in Insolvency: A German Perspective : Overcoming the Domino Effect in an (International) Group Insolvency
Beteiligte: Siemon, Klaus; Frind, Frank
Erschienen: Wiley, 2013
Erschienen in: International Insolvency Review
Sprache: Englisch
DOI: 10.1002/iir.1207
ISSN: 1180-0518; 1099-1107
Schlagwörter: Law ; Finance
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Beschreibung: <jats:title>Abstract</jats:title><jats:p>Based on an analysis concerning the disadvantages of the previous understanding of handling groups of companies by means of consolidation of jurisdiction, the following article illustrates the basic idea of group‐specialized proceedings (<jats:italic>konzernspezifisches Sachwalterverfahren</jats:italic>), avoiding ‘domino effects’ and thereby unnecessary insolvencies of profitable subsidiaries and preserving the assets of these parts of the group to a greater extent than an insolvency situation can. Copyright © 2013 INSOL International and John Wiley & Sons, Ltd</jats:p>

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