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Despite Covid, German companies aren’t going bust

Newsletter: The Road to RecoveryExpert coverage of how business and the economy are recovering, post-pandemic. Delivered 3 times a week. When the number of German companies filing for insolvencies fell in 2019 for the tenth year in a row, Joachim Ponseck was expecting the tide to soon turn. He’s still waiting. “I was predicting a wave of insolvencies for the year to come,” says the Baker McKenzie partner. “Now I am much more cautious.”Besides the glaringly obvious one and a few long-troubled high street retailers, hardly any companies in Germany have gone bust during the pandemic. “At the moment the companies that are in insolvency are either the ones that are in super desperate situations or where an insolvency is used to implement a pre-packaged restructuring plan,” says

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