Latest insights
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Contestability of legal acts in German insolvency proceedings (Insolvenzanfechtung) II - practical recommendations
In Part I we explained the legal framework that allows a German insolvency practitioner to reclaim payments for goods that were properly delivered and paid. Below you will find practical measures that can markedly reduce this exposure.
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Public Sector Partners Register (RPVS) in the Slovak Republic
The Public Sector Partners Register (RPVS) in Slovakia is a public register designed to ensure transparency in the use of public funds and management of public assets by uncovewring ultimate beneficial owners standing behind legal entities. Under Act No. 315/2016, every entity which meets the criteria set out in § 2 (1) (a) must register in the RPVS as a public sector partner.
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PRO BONO HELP FOR UKRAINE
With regard to the ongoing war in Ukraine, we have decided to provide as much help as we can to the people and companies negatively impacted by the conflict.
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Possibilities of verifying the financial situation of a Slovak entity from publicly available sources
Loss of liquidity or the insolvency of business partners is one of the most significant business risks ever. At present, this risk is aggravated by the COVID - 19 pandemic, which brings about changes in both the economic and political environment often resulting in debtors inability to pay their debts properly and on time.
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Liability for loss of consignment in "phantom carriage" (case study)
Defense against filed damage claim resulting from loss of consignment | Collection of claims of the carrier / forwarder from arranged transportations
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COVID-19 - Legal aspects of impacts on supplier-customer relations IV.
Part IV - Own company's failure to fulfil its contractual obligations in relation to COVID-19
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COVID-19 - Legal aspects of impacts on supplier-customer relations III.
Part III - Non-fulfilment of contractual obligations in relation to COVID-19 by customers (sales)
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COVID-19 - Legal aspects of impacts on supplier-customer relations II.
Part II - Non-fulfilment of contractual obligations in relation to COVID-19 by contractors (procurement)
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COVID-19 - Legal aspects of impacts on supplier-customer relations I.
Part I - Non-fulfilment of contractual obligations in relation to COVID-19 in general
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Contestability of legal acts in German insolvency proceedings (Insolvenzanfechtung)
Many companies (including Slovak ones) operating on the German market have experienced a shock in recent years when they received a letter from a German insolvency administrator calling on them to return monetary benefits paid to them for the supply of goods or services by their German contractual partner, on whose assets insolvency proceedings were later opened.