The right to set-off during insolvency proceedings
The rules on set-off under certain circumstances allow to „settle“ a claim with a counterclaim and, thus, to avoid making back and forth payments. In contentious situations, the set-off enables the...
View ArticleGerman Insolvency Law – The Insolvency Administrator’s Right to Choose or...
German contract law is based on the principle that parties are bound by a contract (pacta sunt servanda), i.e. the obligation to fulfill agreements.
View ArticleGerman Insolvency Law - Rights and Duties of the Creditors’ Committee
The principal organ of the insolvency creditors is the creditors’ assembly, through which the creditors jointly exercise their rights vis-à-vis the insolvency debtor, the insolvency court and the...
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