• No Termination of Commercial Agreements In The Case Of Insolvency?
  • May 16, 2013 | Authors: Rouven Redeker; Jüergen van Kann
  • Law Firm: Fried, Frank, Harris, Shriver & Jacobson LLP - Frankfurt am Main Office
  • Commercial agreements usually provide for extraordinary termination rights or even automatic cancellation in the case of insolvency of one of the parties. Such a cancellation right may, however, contradict the general principles of German insolvency law.