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A restructuring plan sanctioned in England and Wales that modifies debt subject to German law has no effect in Germany - Despacho de abogados Gómez-Acebo y Pombo

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A restructuring plan sanctioned in England and Wales that modifies debt subject to German law has no effect in Germany

26 of February, 2026

Recognition of UK restructuring plans remains a contentious issue in the European Union. This decision by the Frankfurt am Main Regional Court is controversial, but it raises questions about the consequences of the application of the rule in Gibbs by the courts of England and Wales in this context.