Webinar: Worldwide: German State Aid – Will Mass Insolvency Be Next?
Wednesday, May 18 at 11am UTC
Join Rimon Partners Michael Magotsch and Oliver Otto in this live webinar, hosted by Mondaq, on how German businesses will navigate the new economic normal as the simplified Covid-19 related application for “Kurzarbeit” comes to an end.
The webinar will discuss the following:
- What are the options for Employers?
- What restructuring alternatives are now available post Covid and post short-time work?
- Are operational based terminations available?
- How to approach plant shut-downs and partial shut downs?
- Collective bargaining and works council co-determination requirements?
- Will filing for insolvency be the last option?
- If so, how about KUG/ short-time work allowance and Insolvenzgeld/ bankruptcy money?
- How does insolvency interfere with employment laws?
Michael Magotsch has over 30 years of experience advising global companies in all aspects of German labor and employment law. His practice focuses on labor and employment issues in relation to national and cross-border restructurings, acquisitions, redundancies, and outsourcing measures. Mr. Magotsch advises C-level executives in transition or exit scenarios as well as supervisory boards in sensitive disputes with C-level executives. Mr. Magotsch has been recognized by Chambers Global, Legal 500 and Best Lawyers in Germany in Labor & Employment law for over a decade. Read about Michael here.
Oliver Otto is a Partner in Rimon’s Frankfurt office. He focuses on restructuring, bankruptcies, as well as banking and finance in the finance, technology, energy, and manufacturing sectors. Mr. Otto advises clients on insolvency risk on financial restructuring measures, non-performing investments, exit solutions, portfolio solutions, and debt trading. He represents creditors in insolvency proceedings as well as debtors in their crisis and debtor-in-possession proceedings, and provides counsel to corporates and directors in near-insolvency scenarios and advises on fraudulent insolvencies. Read about Oliver here.