Rehabilitation and restructuring of companies in crisis

Goals and objective of IDAS

A failing business prompts specific challenges to a business’ management and owners. Other stakeholders like employees, investors or business partners are as well affected by a failure and wish for a definite and reliable statement on the business future as soon as possible.

The law on business rescue in Germany as well as in jurisdictions around the world responds to such a situation with a great variety of rules, duties and assistance.

The goals of the Institute for German and Foreign Law on Business Rescue (IDAS) are:

• to explain and evaluate the law relevant to a business rescue in German as well as abroad,
• to disseminate technical information about German and foreign law relevant for business rescue,
• to discuss and negotiate relevant topics with academics, practitioners and relevant officials of national and international bodies,
• to facilitate networking between members and exchange of professional experience,

and, thus, to contribute to the evaluation and further development of German and Foreign business rescue law.

 

Board of directors:

Prof. Dr. Stephan Madaus

Prof. Dr. Lucas Flöther

IDAS was incorporated under German law and seated in Halle (Saale), Germany.