Germany

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BitComposer Files For Insolvency

German developer and publisher BitComposer has filed for insolvency. The studio claimed its own problems stemmed from “the financial difficulties of its suppliers in game development”. As a result, it said, it could not complete work on its new titles an ...

Daily Headline - global.abi.org - 12/16/2014 - 22:58 - 0 comments

Germany May Face €500 Million Hypo Real Estate Compensation Bill

Germany could be left with a €500 million compensation bill after a Munich court ruled that property lender Hypo Real Estate (HRE) falsified accounts and misled investors about its exposure to the financial crisis, the Irish Times reported. The Germa ...

Daily Headline - global.abi.org - 12/15/2014 - 23:04 - 0 comments

Shuttered German Burger King Restaurants To Reopen This Week

German Burger King restaurants that were shut down last month in a row between their operator and the U.S. fast food company will re-open this week, Burger King Germany said on Monday, Reuters reported. Twenty-six of the 89 outlets will open their doors ...

Daily Headline - global.abi.org - 12/15/2014 - 23:06 - 0 comments

German Family-Owned Businesses Fear Tax Blow From Court Ruling

Germany’s family-owned companies, the backbone of the country’s economic strength, fear they may have to scale back investments and cut jobs if a top court this week orders an overhaul of inheritance tax rules, the Financial Times reported. The feder ...

Daily Headline - global.abi.org - 12/14/2014 - 23:23 - 0 comments

Start of sale of the real estate portfolio Silo E in September 2014

Frankfurt a.M. on 15 August 2014 . Hatfield Philips and the insolvency administrator Ottmar Herrmann have assigned Jones Lang LaSalle (JLL) with the sale of an en bloc package consisting of 128 real estate properties from the "Treveria Silo E P ...

Resource Article - abi_admin - 12/11/2014 - 15:02 - 0 comments - 1 attachment

Germany's Biggest Burger King Franchisee Files For Insolvency

Germany's Yi-Ko Holding, formerly the biggest operator of Burger King restaurants in the country, has filed for insolvency, Yi-Ko's lawyers said, putting 3,000 jobs at risk. Burger King had told Yi-Ko three weeks ago to shut down its 89 restaur ...

Daily Headline - global.abi.org - 12/10/2014 - 22:37 - 0 comments

Berlin Backs Fiscal Council’s Austerity Stance

Berlin has backed the Irish Fiscal Advisory Council’s warning about the dangers of the Government departing from its path of consolidation and reform, the Irish Times reported. In a paper the federal finance ministry said Ireland’s “awareness of its ...

Daily Headline - global.abi.org - 12/03/2014 - 22:57 - 0 comments

Tsipras Brings Up German Guilt in Push for Debt Writedown

Four months before he aims to become prime minister of Greece, Alexis Tsipras is using the example of Germany’s post-World War II debt relief to bolster his case for a writedown on his country’s liabilities toward euro area member states and the European ...

Daily Headline - global.abi.org - 12/02/2014 - 22:51 - 0 comments

Lufthansa Cancels 1,350 Flights in Pilot Strike

German airline Lufthansa says it has cancelled about half of its flights after pilots went on strike in an ongoing dispute over retirement benefits, the International New York Times reported. The airline, Germany's largest, said Monday that 1,35 ...

Daily Headline - global.abi.org - 12/01/2014 - 22:10 - 0 comments

Bundesbank Warns Corporate Debt Becoming Overpriced

Germany’s central bank has warned that corporate debt is becoming overpriced and threatens the financial stability of Europe’s biggest economy, the Financial Times reported. The comments from the Bundesbank come as the European Central Bank considers ...

Daily Headline - global.abi.org - 11/25/2014 - 21:41 - 0 comments

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