Germany

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Charges Filed Against Former Hypo Real Estate Managers

German prosecutors said Monday that they had filed criminal charges against the former chief executive and the former management board of Hypo Real Estate, accusing them of misleading investors in 2008 during what proved to be the country’s most costly b ...

Daily Headline - global.abi.org - 09/29/2014 - 21:14 - 0 comments

Infineon Reaches Partial Settlement With Qimonda

Infineon Technologies AG and its former memory chip unit Qimonda AG on Wednesday reached a partial out- of-court settlement over an insolvency dispute, The Wall Street Journal reported. Under the agreement, German semiconductor company Infineon will ...

Daily Headline - global.abi.org - 09/24/2014 - 21:10 - 0 comments

Rocket’s Netzoptiker Files For Insolvency

Netzoptiker, the Limburg-based mail order glasses company backed by Rocket Internet and Omnes Capital, has filed for insolvency with the German Handelsregister. A filing at Handelsregister, Germany's version of Companies House, states that a provisi ...

Daily Headline - global.abi.org - 09/23/2014 - 21:17 - 0 comments

Insolvency For Solon German Units

PV group Solon has announced that two Germany-based units will file for insolvency, as its centre of gravity continues to shift away from Europe under parent company Microsol. Solon announced the start of insolvency proceedings in Berlin for its Solon Mo ...

Daily Headline - global.abi.org - 09/16/2014 - 21:30 - 0 comments

German Property Firm IVG Says Insolvency Over, Eyes Listing

German property group IVG Immobilien has emerged from insolvency following a sweeping restructuring and a debt-for-equity swap and is now considering options for a merger or stock market listing, the company said on Tuesday, Reuters reported. A local Ger ...

Daily Headline - global.abi.org - 09/16/2014 - 21:32 - 0 comments

Restructuring Karstadt Holds Crunch Meeting

The board of Germany's department store chain Karstadt is meeting to agree on a rescue plan for the loss-making retailer. About 17,000 employees are hoping the group's new owner will turn around their fortunes, Deutsche Welle reported. For ...

Daily Headline - global.abi.org - 09/11/2014 - 21:43 - 0 comments

Germany's Balanced Budget Faces Last-Minute Problems

Parliament here began debating Germany's first balanced federal budget since 1969 on Tuesday, seven years after the collapse of Lehman Brothers sent Europe's largest economy into a tailspin, dashing the government's previous attempt at bal ...

Daily Headline - global.abi.org - 09/09/2014 - 22:20 - 0 comments

Karstadt Board Postpones Restructuring Meeting

The Karstadt supervisory board announced Tuesday that it had postponed a meeting scheduled for August 21, where executives would have discussed plans for the floundering department store chain's restructuring, Deutsche Welle reported. Chairman Steph ...

Daily Headline - global.abi.org - 08/19/2014 - 21:33 - 0 comments

German Insolvency Reforms - Two Years On

In 2012, after years of discussion, Germany introduced new insolvency reforms. Bringing in more control for both debtors and creditors during insolvency proceedings, the reforms helped to improve the legal framework of corporate restructuring in Germany, ...

Daily Headline - global.abi.org - 08/18/2014 - 21:06 - 0 comments

China Says Mercedes-Benz Violated Antitrust Rules in Pricing

Government investigators in China have found the Mercedes-Benz unit of Daimler, the German automaker, in violation of antitrust price rules, the Chinese state news media reported on Monday. The announcement was the latest in a spate of inquiries over pri ...

Daily Headline - global.abi.org - 08/18/2014 - 21:08 - 0 comments

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