Beate Uhse AG: Subsidiary Beate Uhse Netherlands B.V. receives mass loan of EUR 5 million for further restructuring

Flensburg, 26 March 2018 Beate Uhse Aktiengesellschaft (ISIN DE0007551400, WKN 755140) announces that its subsidiary Beate Uhse Netherlands B.V., which is in self-administration in preliminary insolvency proceedings, has today been granted a mass loan of EUR 5.0 million. These funds are provided by Prime Capital Debt SCS, SICAV-FIS Robus Recovery Sub-Fund, which also granted Beate […]

Peiner Umformtechnik GmbH: Preliminary Debtor-in-Possession-Proceedings opened in preliminary insolvency proceedings

Dr. Thomas Dückers appointed as new Managing Director Significance of Debtor-in-Possession-Proceedings: The management stays in charge and is fully capable of acting on behalf of the Company Restructuring expert Dr. Alexander Hoepfner of BBL Bernsau Brockdorff & Partner Rechtsanwälte appointed as General Representative Manuel Sack, of Brinkmann & Partner appointed as preliminary custodian Business operations […]

BBL comments on major decision by German Federal Labour court on insolvency employment law

Frankfurt, February 28, 2018 On 22.02.2018 the German Federal Labour Court (Bundesarbeitsgericht) ruled on the characterization of the claims of terminated employees for their salary in the context of a delay by the employer to accept the employees’ work performance in the event of insolvency proceedings that lack sufficient assets. This decision burdens insolvency administrators […]

Move24 Group GmbH – Opening of preliminary insolvency proceedings

Berlin/Potsdam, 28th February 2018. Upon request of the Berlin-based Move24 Group GmbH, the District Court of Charlottenburg has opened preliminary insolvency proceedings. By resolution (ref.: 36m IN 908/18), Christian Graf Brockdorff of BBL Bernsau Brockdorff Insolvenz- und Zwangsverwalter GbR, a law firm specialized in reorganization and insolvency, was appointed as preliminary insolvency administrator. The employees […]

M&A process for Medivita GmbH initiated

Hanover, 16 January 2018. The insolvency administrator of Medivita GmbH, Justus von Buchwaldt, has initiated a sale process for the Hanoverian nursing service provider. This is accompanied by Centuro’s M&A advice from Potsdam. Business operations will continue unrestrictedly as part of the insolvency proceedings. Medivita GmbH, founded in 2006, serves a niche market in the […]

BBL engages Tom Braegelmann

Berlin/Munich, 15 January 2018. BBL Bernsau Brockdorff today announced the engagement of the attorney Tom Braegelmann as of January 1, 2018. Tom will work closely with partner Peter Jark in BBL’s thriving international restructuring practice, with a focus on modern technology. Tom was working many years as an international business lawyer with a dual-qualification in […]

Beate Uhse receives DIP-financing loan of around EUR 2.7 million

Flensburg, 9 January 2018 Beate Uhse Aktiengesellschaft (ISIN DE0007551400, WKN 755140), which is currently in preliminary insolvency proceedings as a debtor-in-possession (“DIP”), will receive a DIP loan of approximately EUR 2.7 million, which will be provided by Prime Capital Debt SCS, SICAV-FIS Robus Recovery Sub-Fund. The preliminary custodidan and the creditors’ committee have consented to […]

Resort Schwielowsee – Transfer of business operations to new operator

Werder/Potsdam, 06.01.2018. The Schwielowsee hotel resort in Werder (Havel) was handed over to the new operators as planned at the beginning of 2018, announced the insolvency administrator Christian Graf Brockdorff from the law firm BBL Bernsau Brockdorff Insolvenz-und Zwangsverwalter GbR, which specializes in restructuring and insolvency. In July, the creditors’ committee approved a purchase agreement […]

Beate Uhse AG: Initiation of the M&A process

Flensburg, 2 January 2018, Beate Uhse Aktiengesellschaft (ISIN DE0007551400, WKN 755140) announces that, with the approval of the creditors’ committee, the sale process for the company was officially initiated today, in parallel to the reorganization of the company under its own management as a debtor-in-possession; in addition, an M&A advisor was also mandated for this […]

Fisch Hagenah striving to restructure

Insolvency proceedings under self-administration enable sustainable reorganization – Business continues uninterrupted – Suppliers and customers remain loyal to the company -Search for suitable investor under way Hamburg, 06.11.2017. Fisch Hagenah GmbH strives to achieve a sustainable reorganization. The company’s application for insolvency proceedings under self-administration has been approved by the district court of Reinbek and […]

Insolvency administrator finds suitable buyer: Deutscher Orden takes over nursing service Nikolaus Gloeckl

Almost all employees will be retained – Buyer plans to set up a mobile nursing service in the Wunsiedel area Chemnitz, 23.10.2017. Attorney at Law Dr. Christian Heintze of BBL Bernsau Brockdorff, a law firm focusing on insolvency and restructuring, has found a buyer for the insolvent nursing service Nikolaus Gloeckl. The Deutscher Orden is […]