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German Federal Court of Justice Rules on the Recognition of Foreign Insolvency Proceedings

Discharges of residual debt issued in an EU member state cannot be contested in Germany on the grounds that the debtor obtained the jurisdiction of a foreign court fraudulently. The creditor must contest the decisions of the foreign insolvency court within the framework of the foreign insolvency proceedings.
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Posted by Jennifer Schenek

2016-03-03 09:44:13