The German economy in October 2022 – things are never as bad as they seem, hopefully

While the war at the eastern and southern front is (not very much but still) progressing in favour of Ukraine, Russia continued its attacks on civil infrastructure unabated (for regular updates, cf. here, in German). After hope for the German economy was (thus) already in short supply in July (cf. here), everything seemed to be in dire straits in August (here) and despair was brewing in September (here), it might be that things won’t indeed turn out as bad as originally thought, at least some hope came up in the course of the month. But, hey, let’s take a closer look on how the German economy fared in October 2022:

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The German economy in September 2022 – despair is brewing

While the war at the eastern and southern front is still very much progressing in favour of the Ukraine, Russia, under the leadership of Mr. Putin has – seemingly over recognising that a military victory is not feasible – startet to destroy Ukraine’s civil infrastructure (for regular updates, cf. here, in German). Hope was already in short supply in July (cf. here) and everything seemed to be in dire straits in August (here). So, let’s take a closer look on how the German economy fared in September 2022:

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German Ministry of Finance on § 55 (4) InsO

While the legislator (reasonably) refrained from reintroducing the so-called “fiscal privilege” in the law of insolvency avoidance (here), after having abolished such privileges with the introduction of the InsO in 1999, he at least partially “re-instated” such a privilege by classifying certain tax claims as so-called “claims of the estate”. In the context of the … more

KYC – The test of loyalty

After I had already examined the so-called “Know Your Customer, KYC” – audit some time ago at least roughly from the point of view of receivables management (here), it is necessary to take another look at this area at the interface between risk management and compliance in view of the coming German Supply Chain Compliance … more