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01.07.2024 | Business Performance & Resilience, In the media

Guest article in Business Punk: Startup insolvency – bargain for investors or incalculable risk?

The issue of June 25, 2024 contains a guest article by KPMG Law experts Stefan Kimmel and Gunars Urdze.

The Covid-19 pandemic and the subsequent energy crisis as a result of the Russian invasion of Ukraine have taken a heavy toll on the German economy and many companies, especially start-ups, are still facing major challenges. In 2023, more start-ups filed for insolvency than ever before, with the number of new start-ups falling at the same time. Experts predict that the number of startup insolvencies will continue to rise this year. Inflation and the resulting interest rate hikes in particular have made the investment climate more difficult for young, growth-oriented technology companies.

“Investors need to be aware that investments in start-ups are associated with an even higher risk during the crisis. “

You can find the whole article here.

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Contact

Gunars Urdze

Senior Manager

Luise-Straus-Ernst-Straße 2
50679 Köln

Tel.: +49 221 2716891027
gurdze@kpmg-law.com

Stefan Kimmel

Partner

Heidestraße 58
10557 Berlin

Tel.: +49 30 530199115
skimmel@kpmg-law.com

© 2024 KPMG Law Rechtsanwaltsgesellschaft mbH, associated with KPMG AG Wirtschaftsprüfungsgesellschaft, a public limited company under German law and a member of the global KPMG organisation of independent member firms affiliated with KPMG International Limited, a Private English Company Limited by Guarantee. All rights reserved. For more details on the structure of KPMG’s global organisation, please visit https://home.kpmg/governance.

 KPMG International does not provide services to clients. No member firm is authorised to bind or contract KPMG International or any other member firm to any third party, just as KPMG International is not authorised to bind or contract any other member firm.

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