A spokesman for insolvency administrator Rolf Rattunde declined to comment.
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"Niki is getting a financially strong partner with a long-term development concept," said Lucas Floether, Niki's insolvency administrator.
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It plans to resume production at Euromar's plant at Fehrbellin near Berlin, insolvency administrator Rolf Rattunde said in a statement.
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Etihad's spokesperson confirmed the company had received a claim filed at the Berlin Regional Court by the insolvency administrator of Air Berlin.
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The insolvent wood pellets maker has attracted takeover offers from several German and foreign investors, insolvency administrator Bettina Schmudde said late on Monday.
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Up 10 percent in early Frankfurt trade Steilmann said its insolvency administrator had started taking measures to stabilise the fashion group's businesses and would shortly hold talks with customers and suppliers.
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FRANKFURT (Reuters) - German airline Air Berlin's insolvency administrator is suing Abu Dhabi's Etihad, its former owner, for damages of up 2 billion euros ($2.26 billion), a Berlin court said on Friday.
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FRANKFURT, Dec 14 (Reuters) - German airline Air Berlin's insolvency administrator is suing Abu Dhabi' Etihad, its former owner, for damages of up 2 billion euros ($2.26 billion), a Berlin court said on Friday.
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HAMBURG, March 13 (Reuters) - Swiss commodities trading group ECOM has reached agreement to purchase the factory of German grinder Euromar Commodities GmbH which declared insolvency in December, Euromar's insolvency administrator said on Monday.
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In December, the German airline's insolvency administrator sued Etihad for damages of up to 2 billion euros ($2.26 billion) in a Berlin court, saying Etihad did not meet its financial obligations towards Air Berlin. .
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HAMBURG, May 2 (Reuters) - Swiss commodities trading group ECOM has received approval from German cartel authorities to purchase German cocoa grinder Euromar Commodities GmbH which declared insolvency in December, Euromar's insolvency administrator said on Tuesday.
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FRANKFURT, Jan 12 (Reuters) - The German insolvency administrator of holiday airline Niki is considering legal action against the decision of an Austrian court to launch rival insolvency proceedings in the neighbouring country, he said on Friday.
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SolarWorld's insolvency administrator Horst Piepenburg confirmed that Asbeck was one of the entity's shareholders, but declined to give more details about other parties, saying that the planned purchase would save 475 of the group's 1,800 jobs.
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Woehrl, who bought German airline Deutsche BA from British Airways for a nominal 1 euro in 2003, said Air Berlin's insolvency administrator had been shown a letter of credit for 50 million euros, to guarantee an initial payment for his bid.
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VIENNA, Jan 11 (Reuters) - Airline Niki filed for insolvency in Austria on Thursday, in a move to safeguard its agreed sale to British Airways owner IAG after a German court ruling put a question mark over the deal, a spokesman for Niki's insolvency administrator said.
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Attorney Ute Toifl was appointed as an insolvency administrator. Also the Zaporizhia Semiconductor Plant went into bankrupt.
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The main operating unit, Thielert Aircraft Engines GmbH, declared insolvency on 24 April 2008 and was then run by an insolvency administrator, Bruno M. Kübler. The holding company, Thielert AG, also filed insolvency a week later on 30 April 2008 after the loss of its operational unit, Thielert Aircraft Engines GmbH. The holding company ceased operations in autumn of 2008.
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Robbe was declared bankrupt in 2015. Four former employees founded AvioTiger Germany GmbH, which bought the Robbe brand name and some product lines from the insolvency administrator. ROMARIN The ship model division from Robbe Modellsport has passed into the possession of Krick Modelltechnik in the summer of 2015. The former Robbe products are marketed under the brand "romarin by krick".
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In mid-October 2010, Jean Stock asked the Luxembourg Commercial Court to declare DVL.TV S.A. bankrupt after rejecting a proposed rescheduling of €2.6 million of a €3.25 million loan owed to him by DVL.TV following the takeover by Pugachyov, On 29 October 2010, Jean Stock was chosen by the Luxembourg Insolvency Administrator in charge of the winding-up process of DVL.
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However, the business was not a success, and the last production was in 2010, when an expensive problem with the kiln developed. CEO Maxim Gennel confirmed that the company filed for bankruptcy in March 2014, but was then confident that the company would survive. A lawyer in Stuttgart, Stephan Rüdlin, became the insolvency administrator. The closure of the manufactory was announced in October 2015.
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Robin Aircraft also offered a DR400 Ecoflyer with the Thielert engine. In May 2008, Thielert went bankrupt and although Thielert's insolvency administrator, Bruno M. Kubler, was able to announce in January 2009 that the company was "in the black and working to capacity," by then Cessna had dropped plans to install Thielert engines in some models, and Diamond Aircraft has now developed its own in- house diesel engine : the Austro Engine E4. Several hundred Thielert-powered airplanes are flying.
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In April 2019, Dr. Tobias Brinkmann of Brinkmann & Partner, Hamburg, had appointed a new investor as insolvency administrator for Bavaria Yachtbau GmbH and Bavaria Catamarans Srl. (Rochefort, France). It was not until the last moment before the final closure of the shipyard that the purchase contract with CMP was signed on 17 September. The new management team of the new Bavaria Yachtbau GmbH includes Michael Müller (CEO), Dr. Ralph Kudla (CRO) and Erik Apple (COO) as managing directors.
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On 6 April 2009 the company announced that insolvency administrator had "transferred the company's operative new business to a company that is unaffected by the insolvency proceedings". The new company, Centurion Engines, is responsible for worldwide sales of Centurion Diesel engines and spare parts. At the end of November 2010 the company was making a profit and actively seeking new investors. Kübler indicated that major lending institutions have loosened credit enough that investment is more likely than it was in 2008 or 2009.
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He has since disappeared and is a fugitive wanted by the German police. On 25 August 2020, the court-appointed insolvency administrator issued a press release to the effect that "Under the preliminary insolvency administration, it has since been possible to stabilize the ongoing business and create a basis for its continuation." The administrator's press release also states that "far- reaching cuts are therefore necessary in order to make any kind of continuation possible and to maintain the option of exploiting Wirecard AG's core business" and announced the impending layoff of around 730 employees, in addition to all members of the management board.
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Logo of Galeria Karstadt Kaufhof since March 25th 2019 Karstadt Warenhaus GmbH is a German department store chain whose headquarters are in Essen. Until 30 September 2010 the company was a subsidiary of Arcandor AG (which was known until 30 June 2007 as KarstadtQuelle AG) and was responsible within the group for the business segment of over-the-counter retail. On 9 June 2009 Essen District Court ordered provisional asset administration and protective measures in response to an application for the opening of insolvency proceedings. It also appointed a provisional insolvency administrator. The insolvency proceedings were opened on 1 September 2009.
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This change in policy has resulted in Thielert-powered aircraft being grounded or no longer economically viable to fly. In November 2008 Diamond Aircraft CEO Peter Maurer said the insolvency commissioner responsible for Thielert's restructuring has come to understand that the eventual sale of the company will depend on product support. This led to Thielert reducing the cost of parts and actively working on extending inspection and replacement requirements for gearbox clutches as well as other parts. In January 2009, Bruno M. Kübler, Thielert's insolvency administrator announced that the company was, "in the black and working to capacity".
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At this time Sachs was reduced to local assembly of small, cheap, Chinese- sourced scooters, which weren't doing well. The distinctive Sachs MadAss was the only Sachs-engineered motorcycle made at the time. The insolvency administrator Mr. Wolker Boehm was not only able to continue trading, but also put the company in a position to develop new models, such as the new XTC125, unveiled at the Intermot fair in Cologne, Germany in October 2006. In 2007 the company moved to new locations in Nuremberg (Katzwang) and 2008 changed its name from SACHS Fahrzeug- und Motorentechnik GmbH to SFM GmbH.
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March 2008 the a press release including text "Od května 2006 jsou většinovými vlastníky fotbalové Slavie pánové Tomáš Rosen a Petr Doležal"Court decision, Jiří Švihla (Insolvency practitioner of Key Investments) versus Tomáš Rosen and Petr Doležal (former clients of Key Investments), 15. August 2004, the insolvency administrator lost the case and decided not to appeal In January 2008 Key Investment breached the contract with ENIC and increased the equity of SK Slavia Prague. Following its purchase of Sugar's remaining shares in Tottenham Hotspur in 2007, ENIC continued to build up its stake, taking its shareholding to 85%. To fund this investment it disposed of its stakes in other football clubs as well as many of its media and entertainment businesses.
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Karstadt department store in Berlin Karstadt department store in Kiel Arcandor filed for bankruptcy on 9 June 2009. On 12 April 2010 the board of creditors agreed to the insolvency plan proposed by the insolvency administrator Klaus Hubertus Görg which envisaged a sale of the Karstadt department stores as a single entity to an investor and the waiver by the creditors of a large part of their demands. Some municipalities initially refused to agree to the required waiver of business tax payments. Four parties expressed interest in purchasing the Karstadt stores: the German-Swedish investor group Triton, Whitehall together with the Borletti Group and the German financial investor Nicolas Berggruen. Metro AG also expressed interest, but only in the acquisition of certain lucrative and strategically interesting Karstadt stores, which it intended to combine with its own Kaufhof stores into the “Deutsche Warenhaus AG”. On 7 June 2010 nine out of eleven votes were cast by Karstadt's board of creditors in favour of the Berggruen Holding – although the vote was subject to the closing conditions that the Highstreet consortium waived its demand for rental payments.
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