Interview with Detlef Specovius, specialist lawyer for insolvency law at Schultze & Braun
When an insolvency administrator comes to the company, it is usually already ablaze. The employees have already noticed weeks or months ago that something is going wrong and fear for their future. But no company gets into insolvency without a reason. Often, performance-related problems have not been eliminated for years.For the insolvency administrator, the task now is to mobilize forces and motivate employees. In order to keep customers satisfied, the quality and delivery reliability must be at least as high as outside the insolvency proceedings. No manufacturer will permanently commission an insolvent company out of pity. This is particularly difficult in production. Here, in particular, experienced interim managers are needed to avoid a high level of sick leave or to prevent acts of sabotage in production.
Germany will certainly enter into a recession as a result of the COVID-19 pandemic. Economic experts agree: Germany is in a state of crisis. What makes service-based business models particularly successful in times of crisis? Why is digitization an important driver for new service products, and how can services be developed in a customer- and value-oriented way?
What will stationary retail look like in the future? Which hurdles will the fashion industry have to overcome, and how should medium-sized companies take advantage of the industry consolidation now? It’s time for the fashion industry to take a close look in the mirror, say Dr. Christian Gerloff of Gerloff Liebler Rechtsanwälte and Dr. Michael Meister, director at enomyc. Learn more in our expert interview.
It seems as if proven process flows must now be catapulted directly into the future! The COVID-19 pandemic is forcing many companies to rethink established work processes and realign their organizational structures. How do entrepreneurs gain clarity now? How do they manage their company correctly? What does it take to redesign departments and processes intelligently, and what new opportunities can companies now also offer themselves?
The corona crisis is changing the entire economic environment in which we live. Every day a new well-known name is in the press, which has filed for bankruptcy. At the same time, many healthy companies have to run up extremely high debts due to the crisis in order to survive at all. Will there also be international group insolvencies of large listed companies? Is the true wave of insolvencies still to come – in the years 2021/22?
Will COVID-19 aid only be available to companies that were healthy and profitable before the crisis? Uwe Köstens, managing partner at enomyc, sees the danger that only those companies that are healthy, according to the KfW’s terms of allocation and EU regulations, will be able to benefit from privileged financial programs. How does he see the current situation? How does he see the future, and what has the current situation prompted him to do? A commentary.
How can some of our 8 recommendations for action to safeguard livelihoods be implemented in manufacturing companies in specific terms? Dr. Stefan Frings, partner at enomyc, talks about this in our current podcast episode:
Are the politics of cheap money taking their revenge now? Do only the systemically important corporations fit under the corona umbrella? Will the preventive restructuring framework now be implemented more quickly? And what can German SMEs expect? enomyc CEO, Martin Hammer, conducted an interview with Dr. Lars Westpfahl, restructuring expert at the law firm Freshfields, about the economic effects of the COVID-19 crisis. Learn more!
The number one question that most companies in the current Corona crisis are concerned about is: How do I lead my company safely through the crisis? To enable you to act quickly and reliably in the current situation, we have summarized the 8 most important recommendations and measures to secure your business in a compact file.
The coronavirus is currently the number one topic - and it is clearly in the spotlight here as well:Will the billions in financial aid and the tax policy measures of the German government be sufficient to cushion the effects of the pandemic? What specific questions are companies and financial institutions facing, and which instruments should companies now make greater use of to secure their liquidity?
“There are not many things in this world that multiply when you share them – apart from happiness,” as Albert Schweitzer once quipped. Another exception we found to this aphorism is the sharing of contacts, as we were fortunate enough to experience again last Friday
In their search for a professional career, many students initially decide to take on an internship. What can be expected to be gained from this? And have your expectations in the field of business consultancy been fulfilled? We recently sat down for an interview with one of our interns, Levin Schily