Temporary protection Deferral of credit payment

In order to alleviate the most urgent difficulties in the field of court proceedings, insolvency and enforcement caused by the coronavirus situation and the state of emergency, it was necessary to adopt several fundamental measures. Therefore, a new Act on some measures to alleviate the impact of the epidemy of the coronavirus SARS CoV-2 to persons participating in court proceedings, aggrieved persons, victims of criminal offences and legal entities, and on amendments to the Insolvency Act and Law Enforcement Act was adopted. The Act newly addresses especially the field of procedural deadlines and introduces some measures in the field of insolvency and court enforcement of decisions. Attorneys from Taylor Wessing list below a brief summary of the most important changes that will affect all of us in relation to the new Act. At the same time, they also point out that it must be borne in mind that the newly effective Act neglects completely a fundamental area of substantive time limits.