News – Page 2 – Beissenhirtz

From “COVInsAG” to “SanInsKG” – a good choice?

28. September 202221. October 2022

The German government is reacting to the worsening economic crisis (for the current economic situation, see here) and – possibly out of fear of the wave of insolvencies yet to be seen (for the current development of insolvency figures, see here, in German) – is “remodeling” the previous “COVinsAG” (for more details, see here) into … more

The German economy in August 2022 – dire straits?

27. September 202227. September 2022

The war in Ukraine is progressing very nicely – for the Ukraine, for the Russians not so much (for regular updates, cf. here, in German). Despite (or because?) of this development, hope was already in short supply in the last month (cf. here). Now, with our Ukrainian brothers (and sisters) in arms recovering lost ground, we seem to be in dire straits. But hey, let’s take a closer look:

The “RBB-case” or: how is information passed to supervisory bodies?

21. September 202224. October 2022

It is not without a certain irony that, shortly after the German Constitutional Court gave public broadcasters a virtual free pass over private media (BVerfG, decision dated July 20, 2021 – 1 BvR 2756/20, here, in German), the private news portal “Business Insider“, of all places, uncovered numerous possible compliance lapses at the “Rundfunk Berlin-Brandenburg … more

The German economy in July 2022 – hope is in short supply now

11. August 202211. August 2022

The war in Ukraine currently sees a change of initiative – from Russia to Ukraine (for regular updates, cf. here, in German) which seem to validate the optimism Germany’s economy developed already in June 2022 (cf. here). Still, the question is whether this optimism is warranted – which I denied. So, let’s take a closer … more

German Ministry of Finance on § 55 (4) InsO

15. July 202212. August 2022

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

The German economy in June 2022 – still prevailing optimism creates its own risks

14. July 202214. July 2022

While the war in Ukraine continued unabated (for regular updates, cf. here, in German), the German economy developed some hope in May 2022 (cf. here). Hence, the question in June is whether this optimism was and is still warranted. So, let’s take a closer look:

KYC – The test of loyalty

11. July 202212. August 2022

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

The German economy in May 2022 – optimism and hope warranted?

14. June 202214. June 2022

After the reality of the war in Ukraine (for regular updates, cf. here, in German) has set-in in Germany, making for a mixed (economic) bag in April (cf. here) the question is how the German economy fared in May 2022. So, let’s take a closer look:

“ESG” – a new buzzword and the pitfalls of everyday turnaround life

19. May 202216. June 2022

While the term “ESG” was actually more familiar to fund managers and compliance/CSR officers in larger companies before the Corona pandemic, since the beginning of 2022 at the latest, the turnaround scene can no longer avoid dealing with this terminology and the concepts behind it. Banks ensure compliance with ESG standards as an additional criterion … more

The German economy in April 2022 – slow recognition

19. May 202214. June 2022

In April 2022 the war in Ukraine (for regular updates, cf. here, in German) was also dominating the economic headlines in Germany, while Corona slowly faded from the front pages. After the reality of the war and other factors hindering a swift ecomic upturn had seemingly set in with the German economy in March 2022 (here), the question is how it fared in April. So, let’s take a closer look: