{"id":1208,"date":"2021-02-05T09:13:08","date_gmt":"2021-02-05T08:13:08","guid":{"rendered":"https:\/\/finkenhof.de\/?page_id=1208"},"modified":"2021-02-05T09:13:08","modified_gmt":"2021-02-05T08:13:08","slug":"restructuring","status":"publish","type":"page","link":"https:\/\/finkenhof.de\/en\/restructuring\/","title":{"rendered":"Restructuring \/ StaRUG"},"content":{"rendered":"

Restructuring \/ StaRUG<\/h1><\/div>
\n

On 1 January 2021, the Act on the Stabilisation and Restructuring Framework for Enterprises (StaRUG) came into force, enabling a new procedure for the restructuring of enterprises.<\/p>\n<\/blockquote>\n<\/div>

A procedure under the StaRUG is particularly suitable for crisis cases with complex financing structures, in which contributions from creditors are required above all (in particular, restructuring of claims and other rights). Within the framework of a socalled restructuring plan, it is possible to demand a restructuring contribution from individual creditors against their will if a large majority of the remaining creditors vote in favour of the restructuring plan.<\/p>\n

In StaRUG proceedings, we advise companies and management as well as creditors and other parties affected by the plan. Furthermore, we assume the function of a restructuring representative and\/or restructuring facilitator who is appointed by the respective competent court to monitor StaRUG proceedings.<\/p>\n<\/div>

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