Covid-19 and Our Offices

Extent section has been introduced on our website.  Considering recent developments and their possible reflections in the future, as Şengün & Partners, we have decided to introduce a new section named “Extent” on our website “www.sengunpartners.com”.

Bär & Karrer Advises Nouryon on the Divestment of its Redispersible Polymer Powders Business

Nouryon, a global chemical company, divested its redispersible polymer powders (RPP) business, offered under the Elotex brand, to Celanese Corporation.

Avoiding insolvency during the coronavirus crisis

Businesses whose existence is threatened by the crisis surrounding the coronavirus are to be lent a helping hand. Germany’s lower house of parliament, the Bundestag, has legislated for the suspension of the obligation to file for insolvency. Businesses on the brink of insolvency, i.e. unable to pay or overindebted, must file for insolvency as soon …

Avoiding insolvency during the coronavirus crisis

Businesses whose existence is threatened by the crisis surrounding the coronavirus are to be lent a helping hand. Germany’s lower house of parliament, the Bundestag, has legislated for the suspension of the obligation to file for insolvency.

COVID-19 – Obligation to file for insolvency to be suspended

Germany’s Federal Ministry of Justice has made plans to suspend the obligation to file for insolvency due to the coronavirus. The measure is designed to protect businesses that have gotten into difficulties as a result of the pandemic.

COVID-19 – Employers can apply for permission to reduce working hours to get through the crisis

Businesses can introduce short-time work as a means of weathering economic hardship caused by the coronavirus crisis. Germany’s federal government has therefore moved to relax the conditions for applying for short-time allowance. With supply shortages and empty order books among its consequences, the crisis surrounding the coronavirus is placing a massive burden on businesses and …

COVID-19 – Restrictions on landlords’ right of termination

The spread of the coronavirus has now also led to restrictions on the right to terminate rental agreements. These apply to both private and commercial rental agreements. If, on two consecutive occasions, a tenant falls behind on rent payments or defaults on a substantial portion of the rent, the landlord is entitled to issue extraordinary …

Deferral of social security contribution due to the coronavirus crisis

Employers are obligated to pay social security contributions for their employees. With the outbreak of the coronavirus, they now have the option to defer these contributions. Many businesses are seeing orders dry up as a result of the crisis surrounding the coronavirus, yet nothing has changed on the cost front. Wages, salaries, and social security …

Tax relief in response to the coronavirus crisis

Germany’s federal government has drawn up various measures in an attempt to mitigate the economic impact of the coronavirus pandemic, including tax relief measures. The crisis surrounding the coronavirus is hitting businesses, freelancers, and the self-employed hard and – aggravated by tax liabilities – undermining their economic viability. We at the commercial law firm MTR …

COVID-19: information for employers

Introduction This article provides information for employers with regard to the government’s recommendations in the context of COVID-19. The recommendations include: