The law enacted in 2012 to further facilitate the restructuring of companies (ESUG) has established a completely new foundation for the reorganization of companies in insolvency. The extensive corporate law neutrality of the Insolvency Act (InsO) has been abandoned, and the corporate organizational structure of a debtor has been subjected to the liability claims of creditors. Now, permissible corporate measures can also be included in the design part of an insolvency plan, and obstructive shareholders can be outvoted. Using the example of the insolvency-related debt-equity swap, Patrick Schulz thoroughly examines the (interpretative) questions arising from the interplay of insolvency law and corporate as well as capital market law, advocating for a broad "primacy of insolvency law" to ensure the consistent enforcement of the provisions of § 199 S. 2 InsO.