Several bondholders have been seeking to obtain pari passu relief similar to the relief granted by New York Courts, which German courts declined to grant both at the trial and appellate level, although such decisions are subject to further appeals.

Im Entwurf der Angebotsunterlage für die neuen Anleihen werden die in Deutschland noch offenen Klagen mit 135 Mio mit Urteil plus 31 Mio ohne Urteil angegeben.
Litigation in Germany
In Germany, final judgments have been entered in a total amount of approximately €135 million in principal plus interest in suits brought against the Republic relating to defaulted bonds. There are also claims seeking approximately €31 million in principal on defaulted debt, plus interest, in suits pending in Germany in which no final judgment has been entered.
Several bondholders have been seeking to obtain pari passu relief similar to the relief granted by New York Courts, which German courts declined to grant both at the trial and appellate level, although such decisions are subject to further appeals.