Insolvency Law

Special instalment regime for tax debts in Peru: Terms, benefits, and exclusions - ECOVIS International
Insolvency Law

Special instalment regime for tax debts in Peru: Terms, benefits, and exclusions

The recently published legislative decree no. 1634 introduces a special instalment programme for tax debts in Peru. It is managed by the Peruvian financial authority SUNAT and covers debts payable up to 31 December 2023. The Ecovis experts explain the details.
Business debt restructuring: Dutch scheme of arrangements (WHOA) as a solution for international restructurings - ECOVIS International
Insolvency Law

Business debt restructuring: Dutch scheme of arrangements (WHOA) as a solution for international restructurings

The “Wet Homologatie Onderhands Akkoord” (WHOA), or the law on Court confirmation of extrajudicial restructuring plans, introduced in the Netherlands in 2021, has proven its worth for restructuring companies through a private debt agreement with creditors and shareholders.
How to close a company in Germany - ECOVIS International
Insolvency Law

How to close a company in Germany

Companies in Germany may want to close their business for various reasons such as changes in their business scope, due to financial problems, or failure to adapt to the market. Whatever the reason is for this decision to shut down the business, investors cannot simply abandon the company, or stop trading and walk away without following proper closure procedures, as it´s not enough to simply start doing business or selling products when opening a business.
StaRUG: Act on the Stabilisation and Restructuring Framework for Businesses - ECOVIS International
Insolvency Law

StaRUG: Act on the Stabilisation and Restructuring Framework for Businesses

The new German Act on the Further Development of Restructuring and Insolvency Law, or SanInsFoG, was passed in 2020. SanInsFoG changes insolvency law and introduces the new Act on the Stabilisation and Restructuring Framework for Businesses (StaRUG), which came into force on 1 January 2021.
Insolvency Proceedings in Spain – Possible Alternatives for Companies and COVID-19 Impact - ECOVIS International
Insolvency Law

Insolvency Proceedings in Spain – Possible Alternatives for Companies and COVID-19 Impact

The number of insolvency cases in Spain is expected to increase from the current figure of 6,000 a year, to more than 15,000 as a result of COVID-19. Spanish law provides a series of procedures for those companies which cannot meet their payment commitments.
New insolvency and bankruptcy law: 
More protection for creditors - ECOVIS International
Insolvency Law

New insolvency and bankruptcy law: 
More protection for creditors

Law No. 85 of 2014 came into force at the end of June 2014, amending the Romanian legislation on insolvency and bankruptcy.
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