In an insolvency situation, the fate of ongoing contracts is something to be discussed. Such contracts are often closely linked to the essence of a company's business. For example, for (commercial) leases, the lessor's bankruptcy or the tenant's judicial reorganisation will probably result indiscussions about the agreement, its (forced) execution and rental payment.
If a company's activities are based on patent or software licences, the effect on these agreements will also be of crucial importance.
This article briefly discusses such issues with regard to bankruptcy and judicial reorganisation. As far as the latter is concerned, an important change to the law is also considered.
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