Media con­tri­bu­ti­ons and publi­ca­ti­ons

Cur­rent Publi­ca­ti­ons 11/2025–2026

PDI | Ger­many’s secu­red cre­dit reset

Why do pri­va­te debt inves­tors in Ger­ma­ny need to reas­sess their enforce­ment stra­te­gies? This artic­le ana­ly­zes the con­se­quen­ces of the Ger­man Fede­ral Court of Jus­ti­ce (BGH) ruling IX ZR 145/21 for the inde­pen­dent rea­liza­ti­on of col­la­te­ral, reco­very plan­ning, and cre­dit risk manage­ment. The focus is on cre­di­tor-led enforce­ment, lia­bi­li­ty risks asso­cia­ted with infor­mal enforce­ment, and public auc­tions as a legal­ly com­pli­ant enforce­ment mecha­nism.

Aut­hor: Dag­mar Gold
Medi­um: Pri­va­te Debt Inves­tor (PDI)
Lan­guage: Eng­lish
For­mat: PDF down­load

Down­load

SCI | Ger­many’s cla­ri­fied auc­tion aut­ho­ri­ty: a struc­tu­ral para­me­ter within enforce­ment archi­tec­tu­re

Why is Sec­tion 383 of the Ger­man Civil Code (BGB nF) rele­vant for inter­na­tio­nal len­ders and secu­ri­ty struc­tures? This artic­le ana­ly­zes the role of public auc­tions in the rea­liza­ti­on of Ger­man col­la­te­ral and its impact on inter­cre­di­tor gover­nan­ce, secu­ri­ty agents, and reco­very struc­tures in distres­sed situa­tions.

Aut­hor: Dag­mar Gold
Medi­um: SCI – Struc­tu­red Cre­dit Inves­tor
Publi­ca­ti­on date: Febru­ary 25, 2026
Lan­guage: Eng­lish
For­mat: PDF down­load

Down­load

SCI | Ger­many’s enforce­ment shift: bypas­sing the estate to rea­li­ze alpha

Why is the Ger­man Fede­ral Court of Jus­ti­ce (BGH) ruling IX ZR 145/21 rele­vant for len­ders and distres­sed inves­tors? This artic­le ana­ly­zes the inde­pen­dent rea­liza­ti­on of pled­ged com­pa­ny shares and rights out­side the insol­ven­cy estate, as well as the impact on reco­very, LGD models, and rea­liza­ti­on stra­te­gies. The focus is on cre­di­tor-led enforce­ment and public auc­tion as a struc­tu­red rea­liza­ti­on mecha­nism.

Aut­hor: Dag­mar Gold
Medi­um: SCI – Struc­tu­red Cre­dit Inves­tor
Publi­ca­ti­on date: Decem­ber 4, 2025
Lan­guage: Eng­lish
For­mat: PDF down­load

Down­load

PDI | Ger­many’s cla­ri­fied frame­work for enforce­ment and reco­veries

Why is Sec­tion 383 of the Ger­man Civil Code (BGB nF) gai­ning importance for inter­na­tio­nal cre­dit and secu­ri­ty struc­tures? This artic­le ana­ly­zes the effects of the refor­med auc­tion frame­work on inter­cre­di­tor gover­nan­ce, secu­ri­ty agent respon­si­bi­li­ty, and reco­very mode­ling for Ger­man col­la­te­ral. The focus is on public auc­tion as a legal­ly enshri­ned rea­liza­ti­on mecha­nism and its signi­fi­can­ce for reco­very and enforce­ment stra­te­gies.

Aut­hor: Dag­mar Gold
Medi­um: Pri­va­te Debt Inves­tor (PDI)
Publi­ca­ti­on date: March 13, 2026
Lan­guage: Eng­lish
For­mat: PDF down­load

Down­load