Through the EU Directive on Restructuring and Insolvency of 20 June 2019 (EUR 2019/1023, “Directive”), the European Union has imposed an obligation on its member states to offer a more attractive and flexible restructuring scheme in their respective local law. The initial deadline to do so had been 17 July 2021. Only a handful of countries (most notably Germany and The Netherlands) had implemented the Directive within the initial deadline, whilst the other countries made use of the possibility to ask for a one year extension.
Joachim Ponseck MBABrowsing
Joachim Ponseck has ten years of work experience in restructuring and insolvency law. He started his career in the R&I team of a magic circle law firm where he held the position of counsel before joining Baker McKenzie as a partner in 2021. With a very international focus during his studies and his career, Joachim advises clients worldwide in relation to issues related to German and European insolvency law.