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- Title
Das Gesetz über den Stabilisierungs- und Restrukturierungsrahmen für Unternehmen (StaRUG) aus Bankensicht.
- Authors
Brinkmann, Moritz
- Abstract
The Law on the Stabilization and Restructuring Framework for Companies (StaRUG) has changed the conditions for restructuring negotiations in Germany. The StaRUG enables pre-insolvency restructurings and implements the requirements of the Directive on Restructuring and Insolvency. Since the StaRUG came into effect, there have been only a few restructuring cases, but the law has improved the negotiation situation in out-of-court restructurings. A stabilization order according to § 49 StaRUG can prevent creditors from obstructing the restructuring. Banks have the opportunity to shape claims and individual provisions of collective financing arrangements through the restructuring plan. The StaRUG aims to increase legal certainty for restructuring financing and reduce the risk of challenge as well as the risk of tort liability.
- Subjects
GERMANY; FINANCIAL risk; DEBTOR &; creditor; BANKRUPTCY; NEGOTIATION; TORTS; DEBT relief
- Publication
Zeitschrift für Bankrecht und Bankwirtschaft, 2022, Vol 34, Issue 6, p356
- ISSN
0936-2800
- Publication type
Article
- DOI
10.15375/zbb-2022-0605