Begriff und Wirkung von KonzernverrechnungsklauselnKonzernverrechnungsklausel • October 17th, 2013
Group offsetting clauses are agreements allowing a group-company, which is the debtor of a claim by a third party to meet this claim by offsetting a coun- terclaim of another group company. In case of bank- ruptcy of the third party, they can serve as collateral security regarding claims by other group companies. The legal doctrine regarding the validity and enforce- ability of group offsetting clauses is inconsistent. This essay shows that group offsetting clauses can be structured as contractual substitution-rights (Erset- zungsbefugnis, Alternativermächtigung, facultas al-
