https://legal.excellentwiki.com/germany/insolvency-law/ Recent content in insolvency and bankruptcy law on ExcellentWiki - Legal Encyclopedia Hugo en-US Mon, 06 Jul 2026 00:00:00 +0000 https://legal.excellentwiki.com/germany/insolvency-law/german-insolvency-law/ Mon, 06 Jul 2026 00:00:00 +0000 https://legal.excellentwiki.com/germany/insolvency-law/german-insolvency-law/ <h2 id="overview-of-german-insolvency-law">Overview of German Insolvency Law</h2> <p>German insolvency law is codified principally in the <strong>Insolvenzordnung</strong> (InsO), which entered into force on 1 January 1999, replacing the former <em>Konkursordnung</em> and <em>Vergleichsordnung</em>. The InsO has undergone substantial amendment, most notably through the <strong>Gesetz zur weiteren Erleichterung der Sanierung von Unternehmen</strong> (ESUG) of 2012, which strengthened the debtor-in-possession regime and facilitated restructuring, and the <strong>Unternehmensstabilisierungs- und -restrukturierungsgesetz</strong> (StaRUG) of 2021, which introduced a pre-insolvency preventive restructuring framework transposing EU Directive 2019/1023. Insolvency proceedings are conducted before specialized chambers of the <em>Amtsgericht</em> (local court) where the debtor has its centre of main interests.</p>