Day: 6 May 2020

Covid-19: Liability of Corporate Bodies, Managing Directors and Board Members Limited for UG, GmbH, GmbH & Co. KG, AG and Registered Associations

The so-called Covid-19 Insolvency Suspension Act (COVInsAG) entered into force retroactively as of 1 March 2020 and limits the liability of corporate bodies, managing directors and board members in the event of insolvency caused by the Covid-19 pandemic. This initially applies until 30 September 2020 and may, if necessary, be extended by statutory instrument without […]