Challenges in insolvency proceedings
Preventive measures and legally certain action
On February 16, 2017, the Bundestag (German Federal Parliament) passed the “Gesetz zur Verbesserung der Rechtssicherheit bei Anfechtungen nach der Insolvenzordnung und nach dem Anfechtungsgesetz” (Act to improve the legal certainty in case of challenges according to the Insolvency Code and according to the Avoidance Act) (BGBl. [Bundesgesetzblatt = Federal Law Gazette] I 2017, p. 654). The law entered into force on April 5, 2017 and is applicable to insolvency proceedings opened after April 5, 2017.
The objective pursued by the legislature is “to relieve both commercial transactions and...
