Date: 18 May 2022
Time: 11:00 AM UTC
Duration: 60 min
Language: English
Format: Online
This webinar is over - watch on demand here

Worldwide: German State Aid – Will Mass Insolvency Be Next?

How will German Business navigate the new economic normal?

In this webinar Michael and Oliver will be discussing what comes next.

The simplified Covid-19 related application for "Kurzarbeit" will come to an end by the end of March 2022;

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

Michael Magotsch has over 30 years of experience in advising global companies in all aspects of German labor and employment law. His practice focuses on national and cross-border restructurings, acquisitions, redundancies and outsourcing measures.

He also advises C-level executives in transition or exit scenarios as well as supervisory boards in sensitive disputes with C-level executives.

Michael held various management positions for other law firms.

He was Coudert Brothers` Head of the EU Employment Practice as well as Country Managing Partner for Germany until 2005. He started DLA Piper`s Frankfurt office and was Office Managing Partner until 2009.

Michael is a lecturer of business and social law at SRH University Heidelberg/Germany.

Oliver Otto

Oliver Otto focuses on restructurings and bankruptcies as well as banking and finance, in particular in the finance, technology, energy and industry sectors.

His practice comprises the advice on the insolvency risk remote design of investments and participations, on financial restructuring measures, non-performing investments and (exit) strategies as well as portfolio solutions and debt trading. He also advises and represents creditors in insolvency proceedings as well as debtors in their crisis and debtor-in-possession proceedings. Oliver Otto further focuses on cases of fraudulent insolvencies as well as corporates and directors in near-insolvency scenarios.

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