InsO study 2015
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Changes to ESUG have made German restructuring law more attractive –<br />
broad agreement in all groups surveyed<br />
Changes to ESUG have made German restructuring law more attractive<br />
Percent<br />
The high level of agreement ...<br />
... continues across all groups<br />
Completely agree<br />
30<br />
Yes<br />
No<br />
Mostly agree<br />
Slightly agree<br />
26<br />
36<br />
92<br />
Judge<br />
Insolvency<br />
administrator<br />
Commercial bank<br />
86<br />
88<br />
87<br />
14<br />
12<br />
13<br />
Slightly disagree<br />
6<br />
Other creditor<br />
89<br />
11<br />
Mostly disagree<br />
1<br />
Consultant/lawyer<br />
95<br />
5<br />
Completely disagree<br />
1<br />
Other<br />
100<br />
"Even though ESUG still has a few wrinkles to iron out, it is so much better than what we had<br />
before in Germany."<br />
– Anglo-Saxon distressed investor<br />
SOURCE: Noerr; McKinsey<br />
5
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