Yes. Under the StaRUG (the German Act on the Stabilisation and Restructuring Framework for Businesses), creditors can be outvoted by a three-quarters majority within their group. The vote is based on the amount of the claims or the value of the right to separate satisfaction.
Certified ESUG advisers, ESUG being the German act facilitating the restructuring of companies (Deutsches Institut für angewandtes Insolvenzrecht e. V.)
Worstbrock-Group, represented by WZS GmbH · Registered office Osnabrück · Local court (Amtsgericht) Osnabrück · HRB 20233 · VAT ID DE222994974 · Managing director: Alexander Worstbrock, Dipl.-Kfm.
