Day: February 18, 2021

BGH: Insolvency administrator may release professional secrecy holder from duty of confidentiality

In recent rulings in connection with the Wirecard committee of inquiry, the Federal Court of Justice has clarified that insolvency administrators are entitled to release professional secrecy holders such as auditors, tax consultants and lawyers from the duty of confidentiality insofar as the matter concerns the insolvency estate.