Content includes:

1.1  Phase model: Phases to reduce current and short-term liquidity gaps

1.2  TOP 6 measures: Along with the Federal Association of German Management Consultants (BDU), Restrukturierungspartner has developed the following TOP 6 measures to maintain or restore solvency

1.3  State founding measures: The state founding check in 2 steps:

  • COVID-19: Requirements and content of the state founding programme of the Federal Government with regard to the Coronavirus

  • For companies looking forward for financing, the COVInsAG suspends the obligation to file for insolvency under certain conditions

1.4  “Schutzschirm” (special preinsolvency) instead of rescue fund: If the company’s crisis is too deep and long-lasting, or if a realistic prospect of financing no longer exists, it must be examined whether the “Schutzschirm” under § 270 InsO is more useful than the Corona rescue fund

Via Restrukturierungspartner RSP GmbH & Co. KG.

Read the full advisory here: RSP_Restructurierung_SMC_in_Corona Crisis_21.04.2020 (002)