TRENDE
Client Portal Contact
FAQ · Practice & Disputes

What does composition (konkordato) offer the debtor?

Composition gives a debtor that is in financial difficulty but has a prospect of recovery the opportunity to restructure its debts by agreement with creditors and to be protected from enforcement proceedings during the process. The application and the process require meticulous financial and legal preparation; we carry it through from start to finish.

Updated · July 20261 min readCategory · Practice & Disputes
Short answer

Composition gives a debtor that is in financial difficulty but has a prospect of recovery the opportunity to restructure its debts by agreement with creditors and to be protected from enforcement proceedings during the process. The application and the process require meticulous financial and legal preparation; we carry it through from start to finish.

Composition gives a debtor that is in financial difficulty but has a prospect of recovery the opportunity to restructure its debts by agreement with creditors and to be protected from enforcement proceedings during the process. The application and the process require meticulous financial and legal preparation; we carry it through from start to finish.

Shall we apply this matter to your situation?

Tell us your specific situation in a few sentences; we'll assess it with the right team.

Get in touch →
This content is for general information purposes only and does not constitute legal advice. Please get in touch with our team for an assessment of your specific situation.
CategoriesPractice & Disputes
★

Related questions

The choice should be based on the value of the dispute, the need for confidentiality, speed, the counterparty's position, enforceability, and the dispute resolution clause in the contract.

Read the full answer →

Yes. A brief legal review before signing can prevent costly risks in the liability, termination, penalty clause, payment, and dispute provisions.

Read the full answer →

The LkSG is Germany's supply chain due diligence act, while the CSDDD is the EU-level framework, applying from 26.07.2029 and, since Omnibus I, covering a narrower set of companies than the LkSG; Turkish suppliers are most often affected through contracts and customer requirements.

Read the full answer →
★

Related Areas of Work

Consider this question together with the relevant services, practice areas, focus areas, sectors and desks.

Practice Areas

The legal disciplines this question sits within.

See all
Practice & Disputes

The right start means a predictable process.

From the first meeting to completion of the work; let's plan every step transparently.

Get in touch →All questions →