The bankruptcy of 21st Century Concerts GmbH has been opened by a decision of the District Court of Lucerne. This is reported by moneyhouse.ch. The 21st Century Orchestra is not affected.
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The report of the bankruptcy of 21st Century Concerts GmbH could cause a certain confusion: As we reported, there were conflicts between the 21st Century Orchestra and its former producer Pirmin Zängerle over the use of the label «21st Century». This was what Zängerle wanted for his company 21st Century Concerts GmbH also independently of the orchestra. In the meantime, however, Zängerle organizes concerts under the City Light Concerts label, which has nothing to do with the GmbH. Zängerle himself claims to have only just found out about the opened bankruptcy. But he is confident that he will find amicable solutions with creditors.