Heike Wieland-Blöse new Spokeswoman of the Board of Grant Thornton

How has China's economy developed and how have China's outbound investments evolved? We look back at 2023 and provide an outlook for 2024 from the perspective of Chinese companies.

If a contractual partner gets into difficulties, there is often a desire to dissolve the contract. Many long-term contracts such as supply or distribution agreements contain so-called insolvency-dependent termination clauses (insolvenzabhängige Lösungsklauseln) for such cases. However, whether a termination can in fact be successfully based on such a clause must be examined on a case-by-case basis. Here, we inform about the legal requirements regarding the effectiveness for such clauses.

In this post, we let you know the details and show you what to pay attention to with practical im-plementation.

Including an increase in funding volumes and faster payout. We’ve put the most important details together below.