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LIMITATION PERIOD 2021- SECURE CLAIMS FROM 2018 NOW

November 1st, 2021|Comments Off on LIMITATION PERIOD 2021- SECURE CLAIMS FROM 2018 NOW

The 2021 calendar year will end in 8 weeks. This also applies to the recoverability of all claims in Germany from 2018. It does not matter whether the invoice is from January or [...]

INVOICE HANDLING VIA MODINT CREDIT & FINANCE

October 30th, 2021|Comments Off on INVOICE HANDLING VIA MODINT CREDIT & FINANCE

For all companies, large and small, keeping track of accounts payable and accounts receivable is an essential part. When you accurately keep track of incoming and outgoing invoices, you always have an exact [...]

NEW COURT FEE SCALE COMING UP

October 28th, 2021|Comments Off on NEW COURT FEE SCALE COMING UP

More court fees categories will be introduced for lower monetary claims in subdistrict court cases. This will introduce new court fees for monetary claims from €500 to €5,000. The amount of the court [...]

INSURERS IN GERMANY DO NOT WANT TO EXTEND “SCHUTZSCHIRM”

March 29th, 2021|Comments Off on INSURERS IN GERMANY DO NOT WANT TO EXTEND “SCHUTZSCHIRM”

Will the protection for trade credit (= schutzschirm) be extended? The insurers are now taking a clear position: after June 30, they no longer want to make use of the government guarantee, which covers [...]

GREAT CONCERNS ABOUT CREDIT INSURANCE

March 29th, 2021|Comments Off on GREAT CONCERNS ABOUT CREDIT INSURANCE

What happens if the protection procedure (= schutzschirmverfahren) for trade credit insurance in Germany ends at the end of June? Atradius and Coface are trying to address concerns. Market leader Euler Hermes does not [...]

GERMAN REMEDIATION TOOLS DURING CORONA: ‘SCHUTZSCHIRMVERFAHREN’ UND ‘EIGENVERWALTUNG’

March 24th, 2021|Comments Off on GERMAN REMEDIATION TOOLS DURING CORONA: ‘SCHUTZSCHIRMVERFAHREN’ UND ‘EIGENVERWALTUNG’

Even if state aid, special loans and deferred claims help companies cope with the consequences of the closure of COVID-19, they often have only a temporary effect and cannot compensate for lost sales. At [...]

CORONA AND CONTESTED INSOLVENCY IN GERMANY (INSOLVENZANFECHTUNG)

March 23rd, 2021|Comments Off on CORONA AND CONTESTED INSOLVENCY IN GERMANY (INSOLVENZANFECHTUNG)

The suspension of the obligation to file an insolvency petition exacerbates another problem for companies that have received payments from their debtors during this period. Because if they do have to file for insolvency [...]

SUSPENSION OF BANKRUPTCY OBLIGATION IN GERMANY ONLY UNTIL APRIL 30TH!

March 21st, 2021|Comments Off on SUSPENSION OF BANKRUPTCY OBLIGATION IN GERMANY ONLY UNTIL APRIL 30TH!

In Germany, unlike other European countries, there is an obligation to file for bankruptcy if a company is insolvent or has excessive debts. This obligation applies to all legal entities (GmbH, UG, AG, GmbH [...]