The Right of Set-off in Insolvency Proceedings

In the event of insolvency, mutual claims can be set-off in order to minimize losses. But how does set-off work in German insolvency law and how does it work in English insolvency law? What requirements must be met, what exceptions are there and what are the differences between the two legal systems? This white paper explains the most important aspects of offsetting in insolvency law in both jurisdictions.