News
Arlington Germany successfully concludes investor search in insolvency in self-administration
- Automotive supplier remains part of restructured Arlington Group (in future: Thermal Management Group), which focuses on core business with thermostats for automobiles - Safeguarding of the majority of jobs in Germany - Effectiveness of the agreement still depends on several conditions - Closing expected by the end of January 2021 - Restructuring Managing Director (CRO) Christian Stoffler: "In difficult negotiations, we have found a good solution that opens up future opportunities for the Oberboihingen site." Oberboihingen/Munich, December 21 [...]
Insolvency administrator sells rights to fashion brand Laurèl to Chinese fashion group
Insolvency administrator sells rights to the Laurèl fashion brand to Chinese fashion group East Light International Investment (Shenzhen Ellassay Fashion) takes over worldwide trademark rights and industrial property rights This gives the traditional brand for upscale women's fashion a chance of survival Operational business will cease in the coming weeks Munich, November 3, 2020 - The insolvency administrator of Laurèl GmbH, Dr. Christian Gerloff, has sold the worldwide trademark rights and industrial property rights of the Laurèl fashion brand to East Light International Investment [...]
Overindebtedness - still a contemporary reason for insolvency?
F.A.Z. - Unternehmen Montag, 31.08.2020 by Christian Gerloff Most other countries manage without the insolvency reason of over-indebtedness. The grand coalition in Berlin has decided that the insolvency application requirement, which has been suspended since March 2020 due to the Corona pandemic, will be partially extended until the end of this year. Until the end of September, the previous suspension will still apply to both the insolvency grounds of insolvency and over-indebtedness, provided that it can be demonstrated that the economic crisis [...]
Hiltl files for insolvency proceedings under its own administration
Sulzbach-Rosenberg, June 25, 2020 - Fritz Hiltl Hosenfabrik GmbH & Co. KG filed an application for insolvency proceedings in self-administration with the Amberg Local Court on Wednesday (June 24, 2020). According to managing director Gerhard Kränzle, the company will continue to operate without restrictions. "Unfortunately, the owner unexpectedly withdrew a financing commitment and is no longer willing to support the company," Kränzle said, explaining the application. "Added to this, due to Corona, is the current difficult situation [...]
Out of fashion: How can the fashion industry use the structural change?
A conversation with Dr. iur. Christian Gerloff and Dr. Michael Meister While Germany is busy sewing fabric masks at home, closed stores, interrupted supply chains, staff cuts and declining purchasing power are bringing the fashion market to its knees. Even before the Corona crisis, however, the fashion industry was in a critical state: Which mistakes from the past are now falling on fashion companies' feet? It's time for the fashion industry to take a hard look in the mirror, say [...].
HALLHUBER GmbH plans realignment in the protective shielding process
- Massive sales losses due to the Corona crisis - HALLHUBER will continue measures already initiated in 2019 to realign the company - Ongoing business operations are ensured Munich, April 16, 2020 - Following massive sales losses due to the Corona crisis, the Munich-based fashion company HALLHUBER is planning a realignment via protective shield proceedings in self-administration. Yesterday, the Munich Local Court granted the company's application for the initiation of protective shield proceedings pursuant to Section 270b InsO. HALLHUBER had to take this measure due to the current [...]