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Article from INSOL Europe (Week 01 - 07 February 2016) GlobalINSOLvency Editorial Board

At its core, PROKON was planning, building and operating on-shore wind parks in Germany. But the scope of its operations had grown far beyond this nucleus, fuelled by a steady influx of jouissance capital (Genussrechtskapital) which could not be invested ...

Resource Article - twallace@abiwor... - 02/01/2016 - 10:52 - 0 comments - 1 attachment

Article from INSOL Europe (Week 21 - 27 December 2015) GlobalINSOLvency Editorial Board

Three years of “ESUG”: Wind of change or same procedure under new label? The German law to facilitate the restructuring of enterprises (“ESUG”) entered into force three years ago. Now several studies are at hand assessing the impact of this insolvency la ...

Resource Article - twallace@abiwor... - 02/01/2016 - 10:01 - 0 comments - 1 attachment

Deutsche Bank Says Managers Won’t Get Bonuses Amid Record Loss

Deutsche Bank, confirming that it would post a record loss for 2015, said on Thursday that members of its management board would not receive bonuses for the year and that shareholders should not expect a dividend until 2017 at the earliest, the Interna ...

Daily Headline - global.abi.org - 01/28/2016 - 21:10 - 0 comments

Volkswagen Faces Shareholder Claims Over Emissions Scandal

Dozens of large shareholders in Volkswagen plan to sue the carmaker in a German court, seeking compensation for the plunge in its shares due to its emissions test cheating scandal, the International New York Times reported. Law firm Nieding + Barth s ...

Daily Headline - global.abi.org - 01/18/2016 - 22:50 - 0 comments

Deutsche Bank to Raise Up to $4 Billion From Huaxia Sale

Deutsche Bank AG agreed to sell its 20 percent stake in Huaxia Bank Co. to PICC Property and Casualty Co. as co-Chief Executive John Cryan advances plans to narrow the company’s focus and raise capital buffers, Bloomberg News reported today. The sale wil ...

Daily Headline - abi_admin - 12/28/2015 - 13:16 - 0 comments

Volkswagen Loans Investigated by E.U. Anti-Fraud Office

European anti-fraud investigators said on Wednesday that they were looking into whether Volkswagen misused hundreds of millions of dollars in low-interest loans — threatening a significant source of funding for the crisis-struck automaker, the Internat ...

Daily Headline - global.abi.org - 12/16/2015 - 22:23 - 0 comments

Korean Company Saves Carlsson From Insolvency

Korean Company Sambo Motors Co. Ltd has taken control of German tuning company Carlsson, GTSpirit.com reported. The Korean company has promised further investment for the Saarland Merzig company and has sought to reassure Carlsson’s employees that their ...

Daily Headline - global.abi.org - 12/06/2015 - 23:00 - 0 comments

Volkswagen Is Subject of German Tax Inquiry

German prosecutors have opened another investigation into Volkswagen, this one focusing on whether the company broke local tax laws by making false claims about its vehicles’ carbon dioxide emissions, the International New York Times reported. In add ...

Daily Headline - global.abi.org - 11/24/2015 - 21:46 - 0 comments

Almost 1,000 Flights Cancelled By Lufthansa Over Crew Dispute

Lufthansa cancelled almost 1,000 flights for Monday after a union for its striking cabin crews announced plans to expand its work stoppages to Munich airport, the Irish Times reported. The airline said it was ready to resume negotiations. UFO, the ca ...

Daily Headline - global.abi.org - 11/08/2015 - 21:20 - 0 comments

Comsoft Insolvent, Buyers Sought

The Karlsruhe, Germany-based communications business Comsoft has declared itself insolvent. The specialist in air traffic control and air traffic management software is well known as a solution provider in the market and provides air navigation systems a ...

Daily Headline - global.abi.org - 11/01/2015 - 21:32 - 0 comments

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