The Nürburgring and state aid

Jens Lieser & Dr. Alexander Jüchser In July 2012 the Nürburgring GmbH, 90% owned by the state of Rhineland-Palatine and 10% owned by the district of Bad Neuenahr-Ahrweiler, and two of its subsidiaries, filed for insolvency administration in accordance to sec 270 et. seqq German Insolvency Code (InsO). The Chief Restructuring Officer (CRO) is Prof. Dr. Dr. Thomas B. Schmidt (Trier, Germany). The court of Bad Neuenahr-Ahrweiler appointed Jens Lieser (Koblenz, Germany) first as preliminary insolvency administrator, later as permanent insolvency administrator.
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