Insolvency proceedings

Prime Minister Calls for North Rhine-Westphalia to Become International Competition Court for Commercial Matters

by
Prime Minister Calls for North Rhine-Westphalia to Become International Competition Court for Commercial Matters

In his keynote at the opening of the panel discussion, the Prime Minister emphasized that North Rhine-Westphalia should be developed into an international competition court for all commercial matters through the Court Commercial. The conference, organized in collaboration with the German American Business Association, the German-American Lawyers Association and the German Consulate General in San … Read more

Last year, several insolvency administrators abused their powers

by
Last year, several insolvency administrators abused their powers

In 2023, the Insolvency Control Service set the maintenance and improvement of EMUS as one of the main tasks, improving the working environment of EMUS users and supplementing it with the introduction of digital solutions. The Service, together with the Ministry of Justice, has put the issue of accessibility of the insolvency process on the … Read more

Galeria Karstadt Kaufhof Insolvency Proceedings Opened – Potential Rescue in Sight

by
Galeria Karstadt Kaufhof Insolvency Proceedings Opened – Potential Rescue in Sight

As of: April 2nd, 2024 11:55 a.m The rescue of Galeria Karstadt Kaufhof has become a little more likely. The Essen district court has opened insolvency proceedings for the floundering department store group. The ailing department store group Galeria Karstadt Kaufhof is now in its third insolvency proceedings. The Essen District Court opened standard insolvency … Read more

Grau Bakery in Fellbach and Stuttgart Permanently Closed: Owner Shocked and Accuses Insolvency Administrator of Compromising Quality

by
Grau Bakery in Fellbach and Stuttgart Permanently Closed: Owner Shocked and Accuses Insolvency Administrator of Compromising Quality

The Grau bakery branches in Fellbach and Stuttgart are already closed (archive photo). © ZVW/Alexandra Palmizi The Grau bakery with branches in Fellbach and Stuttgart is closing permanently. The insolvency proceedings, in which branches have already been sold and production relocated, have failed. The employees are laid off. Ines Grau, who ran the bakery founded … Read more

Baumann Paletten GmbH Files for Bankruptcy: Munich District Court appoints Insolvency Administrator

by
Baumann Paletten GmbH Files for Bankruptcy: Munich District Court appoints Insolvency Administrator

The management of Baumann Paletten GmbH filed an application to open insolvency proceedings at the Munich District Court on February 19, 2024. The responsible insolvency court appointed the Munich lawyer Jochen Wagner from the law firm Wagner & Lehner as insolvency administrator. Advertisement The decision to have one Filing for bankruptcy was made against the … Read more

Landmark Judgment: 15th Civil Senate of Cologne Higher Regional Court Partially Amends Contested Decision

by

06.02.2024 The 15th Civil Senate of the Cologne Higher Regional Court decided today in the aforementioned proceedings and partially amended the contested regional court decision. In the proceedings (cf. the press release dated October 7th, 2022 – PM 10/22), the plaintiff takes action following an earlier injunction procedure (OLG Cologne, judgment of May 29th, 2018, … Read more