Compensation for Hotels and Restaurants in Germany: COVID-19 Coronavirus

Is there a chance that a claim for compensation for hotels and restaurants can occur due to the measures taken during COVID-19? From the beginning of the pandemic of the coronavirus (SARS-CoV-2) in mid-March 2020, the hospitality industry was hit particularly hard by containment measures. According to the Federal Statistical Office, March already left [...]

Real Estate Loans: COVID-19 Coronavirus

In our interconnected business world, the fallout from the COVID-19 coronavirus crisis will be felt in numerous areas. Difficulty in repaying real estate loans for companies and individuals is just one of these areas. The German state has taken some action in order to mitigate the difficulties which will unfold due to the crisis [...]

Suspension of Insolvency Filing Obligations in Germany: Creditors’ Options. COVID-19 Coronavirus

With § 1 COVInsAG (the Coronavirus Act), the legislator has suspended the obligation of corporate bodies with limited liability to file for insolvency pursuant to § 15a InsO and § 42(2) BGB until 30.9.2020 if the insolvency maturity is based on the consequences of the spread of the coronavirus and if there are prospects [...]