A quirk of German law meant that Thomas Cook's German arm only had bankruptcy insurance up to €110 million. READ ALSO: 2,000 jobs at risk as Thomas Cook's German arm to file for bankruptcyBerlin said the Thomas Cook case had "far exceeded the boundaries" of previous travel company insolvencies, throwing up "a number of difficult legal questions which are still unsolved". "It is not reasonable to expect customers to deal with these complex legal questions on their own," the statement added. Germany is not the only country that could bear the costs of Thomas Cook'sbankruptcy. In early November, the UK government announced plans to develop astatutory compensation scheme for out-of-pocket holiday-makers.

Source: The Local December 11, 2019 11:26 UTC