Insolvency Law

© BDI / F.Richter

An uncomplicated reservation of title and other securities on movables are essential for financing products and services in industry.

Planned changes in the German Insolvency law should not be driven by the view of liquidators and authorities. The interests of other participants on the market like competitors, customers and partners of insolvent companies have to be considered in an adequate way.

One example is the protection of licensees. They have invested in technology and their products, based on the license agreement. In case of insolvency of the licenser the must have trust in the continuity of their licence agreement. It is not acceptable that the liquidator has the right to terminate the contract. The German legislator has to change the current situation immediately.