Germany announces draft restructuring law in line with EU directive
Credit: Wolfgang Pehlemann [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)]
German lawyers have cautiously welcomed a preventative restructuring regime outlined in a long-awaited draft bill that they hope will enable company rescues outside of insolvency and stymie the flow of companies who have headed abroad.
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