General suspension of insolvency filing requirement?

After the Bavarian Minister of Justice had already proposed a suspension of the obligation for at timely insolvency filing in cases of natural disasters in the summer of 2016, the Ministerial Conference of the State Ministers of Justice now followed this proposal in November 2016. They agreed that the three-week insolvency application period of § 15a InsO does not take into account the special situation surrounding natural catastrophes. In the short time frame foreseen by § 15a InsO, it is often not possible to clarify as to whether the damage inflicted can not be offset by various compensations (e.g., by insurance companies).

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The German Economy in November 2016 – Trump ante portas

Until 8 November the month began rather “ordinary” and did not continue the rebound from September. Obviously, everybody was waiting for the outcome of the US Presidential elections. And then the unthinkable (at least from the viewpoint of the MSM) happened – Trump was voted President. And then, again, the unthinkable happened: stocks did not only NOT crash but – especially in the US – started a rally rarely seen.

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