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Mayer Brown says it published a guide to payments after insolvency begins
Mayer Brown said it published a guide to management liability for payments after the onset of insolvency under German law. The firm said the publication examined when payment restrictions arose, how exceptions could apply and what documentation could help management evaluate payments during different stages of financial distress.
Key points
- Mayer Brown identified Tina Hoffmann, Marco Wilhelm and Malte Richter as the authors.Mayer Brown
- The firm said the analysis concerned section 15b of Germany’s Insolvency Code.Mayer Brown
- Mayer Brown discussed a rolling 13-week liquidity forecast.Mayer Brown
- The firm said forecasts should be updated at least weekly and assumptions documented.Mayer Brown