ASD|COMPLIANCE – change in insolvency law

At the beginning of this year there was an important change in the provisions of insolvency law.

The amendments to the statutory provisions create a wide range of requirements for business enterprises. In particular, specific protective measures and obligations must be complied with. Any violations can lead to compensation risks and also the risk of fines.

This topic is not only important for business enterprises with their own economic problems. It is also relevant for business companies if their business partners are in danger of falling into economic difficulties.

Therefore all managers of business enterprises should familiarise themselves with the relevant practical effects of the amended legal provisions.

Here you can read an up-to-date specialist article about this topic which contains additional information.

We will be pleased to advise and support you in all questions related to the implementation of the requirements of the changes in the law, especially the options for action, the risks and possible preventive measures.

If you require any further information, have any questions or need advice, you are welcome to contact Andreas Fuchs.