Dealing with supplier insolvencies

The insolvency proceedings

• Overview of the main features of insolvency proceedings: Insight into the processes and legal consequences of insolvency proceedings from the client's perspective
• Reasons for opening insolvency proceedings: over-indebtedness, inability to pay, imminent inability to pay.
• Corona and the current insolvency situation.

Identification of supplier crises and insolvencies

• Signs of crises at suppliers.
• Sources of information.

Enforcement of your own rights after the opening of proceedings

• Role of the insolvency administrator as a new contact person.
• What is advisable to do? What is better not to do?
• Under what conditions can a business relationship be maintained?
• Significance of insolvency proceedings for open orders.
• Make an agreement on residual delivery.
• Claim registration, claim verification and offsetting.
• Termination and option rights.
• Creditor groups and their rights.
• Participation and influence in the process.

Proper prevention - important contractual clauses in the event of insolvency

• Special termination rights.
• Property rights and trade secrets.
• Fiduciary agreements.
• Tool ownership.
• Provision of goods and advance (security) agreement.
• Access to suppliers suppliers.
• suppliers abroad?