{
 "@context": "https://schema.org",
 "@type": "Claim",
 "@id": "https://wulfkaal.github.io/claims/2061166-013",
 "identifier": "kaal:claim:2061166-013",
 "text": "The German voluntary reorganization procedure has a structural gap: groups of financial institutions, financial holding groups and conglomerates cannot petition for protection under it, even though these are precisely the entities that qualify as systemically important and pose the highest risk to market stability on failure.",
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0009-0008-7840-1847"
 },
 "citation": "Christoph K. Henkel, Wulf A. Kaal, Contingent Capital in European Union Bank Restructuring (2012). SSRN: https://ssrn.com/abstract=2061166",
 "isBasedOn": {
  "@type": "ScholarlyArticle",
  "name": "Contingent Capital in European Union Bank Restructuring",
  "datePublished": "2012",
  "url": "https://ssrn.com/abstract=2061166",
  "sha256": "43625ea260d0fc045e86d3435df50c9d0ca4abf8542e6085a6165be6653b4a7b",
  "encoding": "https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Henkel%20and%20Kaal%20-%202012%20-%20Contingent%20Capital%20in%20European%20Union%20Bank%20Restructuring.pdf"
 },
 "keywords": [
  "systemic-risk"
 ],
 "about": [
  "german-banking-law",
  "sifi",
  "group-structures",
  "reorganization-eligibility"
 ],
 "abstract": "Unlike the involuntary reorganization procedure initiated by the Supervisory Authority under the German Banking Act,333 groups of financial institutions, financial holding groups, or conglomerates are not eligible to petition for protection under the voluntary reorganization procedure.",
 "additionalProperty": [
  {
   "@type": "PropertyValue",
   "name": "claim_type",
   "value": "failure"
  },
  {
   "@type": "PropertyValue",
   "name": "confidence",
   "value": "argued"
  },
  {
   "@type": "PropertyValue",
   "name": "scope_conditions",
   "value": [
    "voluntary reorganization procedure under the German Financial Institution Reorganization Act",
    "not applicable to the involuntary procedure initiated by the supervisor under the German Banking Act"
   ]
  },
  {
   "@type": "PropertyValue",
   "name": "is_failure_mode",
   "value": true
  },
  {
   "@type": "PropertyValue",
   "name": "attestations",
   "value": "https://wulfkaal.github.io/colloquium/attestations/6d662376789f30b46139e9419ed6cdeff43fcc7907117723252cb830d8967e16.json"
  },
  {
   "@type": "PropertyValue",
   "name": "edges",
   "value": []
  }
 ],
 "isPartOf": {
  "@id": "https://wulfkaal.github.io/claims/index.json"
 },
 "dateModified": "2026-07-27",
 "version": "1.0",
 "sha256": "6d662376789f30b46139e9419ed6cdeff43fcc7907117723252cb830d8967e16",
 "canonicalForm": "https://wulfkaal.github.io/claims/2061166-013.md"
}