Recent News From Jacobsen + Confurius

Secretly, quietly, on Dec. 22, 2020, German lawmakers passed a law that will have a revolutionary impact on existing commercial leases in times of the corona pandemic. This opens up significant negotiating potential for commercial tenants in terms of rent amounts and forces landlords to take precautions to safeguard liquidity. The Act contains the following provision: "If, as a result of gove...

At the turn of the year, two important laws reforming insolvency law in Germany came into force. The Act on the Further Shortening of Residual Debt Relief Proceedings came into force with retroactive effect (!) from 01.10.2020, while the Act on the Further Development of Restructuring and Insolvency Law came into force on 01.01.2021. The Act on the Further Shortening of the Residual Debt Relief Pr...