In the latest and final ruling in the Wirecard insolvency saga, Germany’s highest regular court held that shareholder damages claims are subordinated to general unsecured creditor claims, even in cases arising from capital markets fraud. Our attorneys Dr. Michael Berger, Friedrich Schlott and Ann-Kathrin Ziegler highlight the decision’s reinforcement of the “debt before equity” principle and the clarity it brings to German insolvency practice. Read more: https://lnkd.in/g7DeuZmb
