Germany

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Walsum Papier Insolvency Decision Postponed To October

The opening of regular insolvency proceedings on the Walsum Papier magazine paper mill in Germany has been postponed to the start of October, EUWID Pulp and Paper reported. According to information from the administrators' office, the payments o ...

Daily Headline - global.abi.org - 08/27/2015 - 21:40 - 0 comments

Creditors Grant Insolvent Imtech Germany A Credit Line

Creditors have granted the German unit of bankrupt Dutch engineering services company Imtech a credit line worth a "significant" sum in the millions of euros, Imtech Germany's insolvency administrator said on Friday. It is currently unclea ...

Daily Headline - global.abi.org - 08/23/2015 - 17:41 - 0 comments

German Parliament Ratifies Greek Bailout

Germany’s parliament ratified a new Greek bailout deal, but a record number of lawmakers in Angela Merkel’s conservative bloc rejected the motion, highlighting the political risks the chancellor is taking in supporting Greece, The Wall Street Journal ...

Daily Headline - global.abi.org - 08/19/2015 - 22:26 - 0 comments

Deutsche Bank Employees Charged Over Sales Tax Evasion

Frankfurt prosecutors have charged eight current and former Deutsche Bank employees in connection with €220 million in sales tax evasion following a long-running investigation into Europe’s carbon emission certificate market, the Irish Times reported ...

Daily Headline - global.abi.org - 08/13/2015 - 22:04 - 0 comments

Imtech Failed To Pay Its German Arm 21 Million Euros

The insolvency of Royal Imtech's German arm last week was triggered by the parent company's failure to pay the unit 21 million euros ($23 million) it owed, Imtech Deutschland's insolvency administrator said, Reuters reported. Royal Imtech ...

Daily Headline - global.abi.org - 08/12/2015 - 20:43 - 0 comments

Germany Saved €100 Billion From Europe's Debt Crisis

Germany has saved €100 billion since 2010 because its borrowing costs have fallen during Europe’s debt crisis – savings that outweigh the cost of the crisis to the German economy, an economic think tank has reported, the Irish Times reported. Investo ...

Daily Headline - global.abi.org - 08/10/2015 - 17:53 - 0 comments

Imtech Shares Tumble As German Insolvency Drags Down Company

Shares in Dutch engineering services firm Imtech tumbled more than 40 percent on Monday after it said it was trying to preserve as much of its remaining business as possible after its Germany subsidiary, its largest, filed for insolvency last week, Reute ...

Daily Headline - global.abi.org - 08/10/2015 - 17:55 - 0 comments

Berlin Airport Faces More Delays After Imtech's German Insolvency

Berlin's new international airport could face further delays following the insolvency of Dutch engineering group Royal Imtech's German division which has been working on the project, the airport's operator said on Friday. Imtech Deutschlan ...

Daily Headline - global.abi.org - 08/09/2015 - 21:47 - 0 comments

Imtech Shares Slump To Record Low After German Unit Files For Insolvency

The German unit of Dutch engineering group Royal Imtech NV has filed for insolvency after failing to secure credit from lenders, adding to a list of problems at the parent and sending its shares down over 40 percent to a record low, Reuters reported. The ...

Daily Headline - global.abi.org - 08/06/2015 - 17:11 - 0 comments

German Developer Yager Files For Insolvency After Being Dropped From ‘Dead Island 2’

Yager, the German developer that was dropped from working on Dead Island 2, has filed for insolvency for the team that was working on the game, Breitbart News reported. Timo Ullmann, Yager CEO, said, “The insolvency filing is a direct result from the ear ...

Daily Headline - global.abi.org - 08/03/2015 - 20:35 - 0 comments

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