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This content was last reviewed around August 2021.

Remark: Germany is a member of the European Union. Please refer to the section "European Union" under Quick Links below to learn more about the implications with respect to the European rules that apply in the field of restructuring and insolvency. The European Restructuring Directive has been implemented in Germany in a law called "StaRUG," which took effect on 1 January 2021 (please see below in "Restructuring regime under StaRUG" for more details).