MELCHERS (Germany): Obligation to File for Insolvency is to be Suspended for Affected Companies Due to Corona Crisis
The Federal Ministry of Finance (German abbr.: BMF) and the Federal Ministry of Economics and Energy (German abbr.: BMWi) have presented a comprehensive package of measures (“Shield for employees and companies”) to contain the economic consequences of the Corona crisis, which includes, among other things, more flexible short-time working arrangements, liquidity support through tax relief by waiving enforcement and late payment penalties and by deferring and adjusting advance payments. MORE.