Entity established under the pan-European Single Resolution Mechanism to which shares in entities under resolution, rights or liabilities are transferred. The bridge institution is officially established by the restructuring fund, which ensures that the requirements for entry in the commercial register are met. The total value of the liabilities may not exceed the value of the rights and assets. – After a transfer order has been issued, the bridge institute can be aligned with the necessities of the individual case. These include, for example, amendments to the Articles of Association, appointments to governing bodies or adjustments to capital resources. To ensure that this can be done with the necessary speed, the Restructuring Fund Act and the regulation based on it (bank recovery and resolution directive, BRRD) give the restructuring fund the option of establishing a corporation at any time, even without a given reason, which is available as a bridge institution in the event of a transfer order (shelf company, vehicle company). – Cf. Monthly Report of the Deutsche Bundesbank of June 2014, p, 38 (statutes and tasks of the bridge institution within the meaning of the bank recovery and resolution directive); Restructuring Fund
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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