news |
|
|
|
news |
 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
August 2010, HERMANN RWS elected by Corporate INTL to Insolvency Administrator of 2010 in Germany. For more information, access here:
August 5, 2010, Osnabrück: Webasto Group takes over US roof segment from Karmann - Agreements have been signed – Green light from Creditor Committee - No approval required from the Federal Cartel Office. For more information, access our press release here:
July 26, 2010, Dresden: Sunfilm sets world efficiency record! For more information, access the following release here:
June 22, 2010, Frankfurt am Main: Ice Hockey Club Frankfurt Lions Insolvency. New Hope after negotiations with the City of Frankfurt. For more information, access our press release here:
June 01, 2010, Dresden: Opening of insolvency proceedings for Sunfilm AG, manufacturer of solar modules: Financing secured by the banks until targeted sale is finalized - Employees receive normal salaries or payments for their limited working hours. For more information, access our press release here:
May 11, 2010, Frankfurt am Main: Woolworth Deutschland saved: H.H. Holding GmbH convinces with a forward-looking concept. All 162 stores with 4300 employees taken over. For more information, access our press release here:
March 29, 2010, Dresden: Sunfilm AG - Manufacturer of Solar Modules filed for Insolvency - Preliminary Insolvency Administrator Rainer M. Bähr makes an Effort in order to Safeguard the Survival of the Company - Business Activities continued in Previous Scope - Employees to be paid Insolvency Payment. For more information, access our press release here:
December 18, 2009, Frankfurt am Main: FERCHAU Group acquires Karmann Engineering Services. All 70 jobs at the five locations will be retained. For more information, access our press release here:
November 3, 2009, Hannover: Successful restructuring: reakktor media GmbH completes insolvency proceedings. Insolvency plan saves all jobs of the German Hannover based company which was founded in 1991. For more information, access our press release here:
September 01, 2009, Frankfurt am Main: Insolvency administrator successfully places numerous Woolworth stores and employees - First contracts have already been concluded - Trade chains to take over up to 100 stores - For more information, access our press release here:
August 18, 2009, Frankfurt am Main: Woolworth with a new concept for brand sports goods - During the first roll-out phase, 60 stores will receive brand sports goods at a discount price - Insolvency administrator enhances attractiveness for customers with a new presentation concept - For more information, access our press release here:
July 01, 2009, Frankfurt am Main: Interim employment company to be established at Karmann - 1540 dismissed employees to be transferred to the interim employment company - For more information, access our press release here:
June 29, 2009, Frankfurt am Main: Karmann insolvency proceedings opened - Aim is the continuation of the company - Insolvency administrator Hermann keeps all options open for the preservation of the company - For more information, access our press release here:
June 25, 2009, Frankfurt am Main: Woolworth´s core business to be maintained - Continuation concept enables Neue Woolworth in Germany - Majority of smaller outlets and their employees to be taken over by competitors - Joint works council approves the formation of the transitional company - For more information, access our press release here:
May 01, 2009: HERMANN Rechtsanwälte Wirtschaftsprüfer Steuerberater and the Munich-based team at Grub Brugger join forces: Joint establishment of a unit specialising in transaction and financing consultancy. For more information, access our press release here:
April 14, 2009, Frankfurt am Main: Woolworth Deutschland goes into preliminary insolvency administration. Retail business will continue as normal in all 320 branches - 11,000 staff are affected in Germany and Austria. For more information, access our press release here:
February 25, 2009, Frankfurt am Main: Salamander transferred to ara group. For more information, access our press release here:
February 17, 2009, Frankfurt am Main: Dividend payout in Philipp Holzmann insolvency proceedings. For more information, access our press release here:
Januar 15, 2009, Frankfurt am Main: ara group takes over Salamander - The brand Salamander will be retained and will be expanded all over Europe - For more information, access our press release here:
November 24, 2008, Frankfurt am Main: Corporate UK features Lawyers Associated Worldwide. HERMANN law firm has become an integral and vital part of this international lawyers association. For more information read her:
October 31, 2008, Frankfurt am Main: Insolvenzcy proceedings opened for European EganaGoldpfeil. For more information, access our press release here:
Juli 09, 2008, Dresden: Autohaus Socher GmbH saved after initiation of insolvency proceedings: Autohaus Elitzsch – motto: “Customer Service with Tradition” – takes over headquarters in Hoyerswerda and ensures all jobs will be saved, according to insolvency administrator Rainer M. Bähr. For more information, access our press release here:
June 14, 2008, Frankfurt am Main: Georg von Opel Car Dealership Group Sold to MAG Metz GmbH: After intensive negotiations conducted by the insolvency administrator Ottmar Hermann, Autohaus G.V.O. GmbH has been sold to a new investor. MAG Metz GmbH will take over the company, which has a rich tradition, starting in mid-June 2008. Further information is available here, in our press relase.
May 05, 2008, Leipzig: Autohaus Heil saved after initiation of insolvency proceedings: The insolvency administrator appointed by the Local Court (Amtsgericht) of Leipzig, Rainer M. Bähr, attorney at law, announced today, barely two months after the company filed for insolvency, that the operations of the well-known, longstanding Heil car dealership in Leipzig have been reorganized. The business, which has continued to operate to this day despite filing for insolvency, was sold to a new investor. For more information, access our press release here:
April 01, 2008, Frankfurt am Main: HERMANN is involved in the organisation of the first russian-european conference on insolvency law. Having its focus on the more and more growing econimal bridges between Western and Eastern Europe, INSOL Europe has established a Committee to enhance the cooperation between insolvency professionals from Western and Eastern Europe. After four succesful conferences this year´s month of May will see an conference in St. Petersburg, organised jointly with Russian insolvency professionals. HERMANN is not only supporting this conference as a sponsor but is also with its members Ottmar Hermann and Daniel F. Fritz represented in the Organisation and Technical Committee of this Conference. For more information on the conference pleas see
For more information on Russian insolvency law please see
March 01, 2008, Frankfurt am Main: Limited Handbook published. Ottmar Hermann and Daniel F. Fritz are happy to announce the publishing of their handbook "Die Private Limited Company in Deutschland", published by ZAP-Verlag (Lexis-Nexis). The book deals with the very complexe issues arising if an english company is used for trading of for restructuring matters in Germany. The team of authors is completed by HERMANN partners Rainer M. Bähr and Thomas Fiedler and including Chris Laughton (an English Insolvency Professional from Mercer & Hole, London). For further information please see
February 29, 2008, Dresden: Fahrzeug Service GmbH insolvency proceedings, successful reorganization out of insolvency. The insolvency administrator appointed by the Local Court (Amtsgericht) of Dresden, Rainer M. Bähr, attorney at law and specialized attorney for insolvency and tax law, announced today, just four months after the company filed for insolvency, that the operations of the previously independent Scania partner Fahrzeug Service GmbH, based in Dresden, have been reorganized. For more information, access our press release here:
February 29, 2008, Leipzig: Autohaus Heil insolvency proceedings, provisional insolvency administrator reviewing chances of reorganization On February 28, 2008, the Local Court (Amtsgericht) of Leipzig appointed Rainer M. Bähr, attorney at law and specialized attorney for insolvency and tax law, to act as the provisional insolvency administrator for the assets of Heil Automobil Dienstleistungs GmbH. Previously, the car dealership had itself filed for insolvency in order to preserve its chances of reorganization. For more information, access our press release here:
December 20, 2007, Frankfurt am Main: Longstanding company from the Rhine/Main area transferred to strategic investors after successful reorganization by the insolvency administrator. Büro-Wahlich GmbH, located in Offenbach, will continue business operations, saving over 60% of jobs. For more information, access our press release here
August 06, 2007, Frankfurt am Main: A Fresh Start for peS Gesellschaft für medizinische Diagnosesysteme mbH - Investor acquires insolvent company - all jobs secured- "I am pleased that the negotiations went very successfully and that it was possible as a result to avert the potential breakup of peS GmbH. This case shows that the insolvency plan process can be a sensible instrument to save an insolvent company," says Mr. Bähr, insolvency administrator of the firm HERMANN. Further information is available here, in our press relase.
January 28, 2007, Frankfurt am Main: Break through in the reorganization of Georg von Opel Under the direction of the Insolvency Administrator, Mr. Ottmar Hermann, more than two-thirds of 730 jobs were able to be saved. A transitional company was founded for employees. Numerous subsidiaries were retained through new subsidiaries. The Bonn and Friedberg Point of Sales were sold. Further information can be found in our press release.
September 28, 2006, Frankfurt am Main: Reorganization of the Unternehmensgruppe Georg von Opel GmbH goes forward. Insolvency Proceedings are instituted – intensive negotiations with investors On September 28, 2006, the District Court for the City of Frankfurt am Main instituted Insolvency Proceedings against Unternehmensgruppe Georg von Opel GmbH. Attorney Ottmar Hermann was appointed by the court as Insolvency Administrator. Mr. Hermann had already led business operations of the car manufacturing group without restrictions during preliminary Insolvency Proceedings. The Unternehmensgruppe Georg von Opel GmbH filed a petition for insolvency protection on June 12, 2006 in order to obtain permanent reorganization under the German Insolvency Code. The goal is the continuation of core remedial business operations of Georg von Opel and the preservation of many jobs. "We see good chance for a reorganization of this company that has a longstanding tradition, because motivated employees, suppliers, satisfied clients as well as the Creditor Banks constructively support the Auto Sales Group," Mr. Hermann stressed. Presently, the Insolvency Law team of the HERMANN firm is leading intensive negotiations with domestic and foreign investors. Business operations in car dealerships and repair shops will be fundamentally sustained during the Insolvency Proceeding that has already opened. Thus, the new Opel Corsa will be presented within the next few days in the Georg von Opel show rooms.
March 7, 2006, Karlsruhe: In construction, flops just don’t fall from the sky Ottmar Hermann (Attorney-at-Law, Certified Public Accountant and Tax Counselor) and Petra Heidenfelder (Attorney-at-law) reported within the scope of the "Karlsruher DIALOG:RECHT" convention on the subject of “Construction Insolvency” at which, amongst other persons, Dr. Gero Fischer, the Director of the 9th Civil Court of Appeal of the German Federal Court (Insolvency Senate) participated on the handling of the largest everyday German construction company insolvencies. The press release from the “Karlsruher DIALOG:RECHT” is available by clicking here:
January 26, 2006, Frankfurt am Main: Aero Flight GmbH & Co. Luftverkehrs-KG: Sales Agreement concluded with Icelandic Air-Group. Following intensive negotiations, the insolvent Aero Flight GmbH & Co. Luftverkehrs-KG, in association with the preliminary Insolvency Administrator, Ottmar Hermann (Attorney-at-Law), concluded a sales agreement for several assets for a newly founded German company of the Icelandic Air-Group. Through its new company name, the Air-Group intends to petition the German Federal Air Transport Authority (the LBA) for an operating license in order to carry out air transportation in the near future. At first, following the granting of the air permit, air transport is planned with two airplanes. On the other hand, the air transport company of Aero Flight GmbH & Co. Luftverkehrs-KG shall be dissolved. The sales agreement is currently under reserve of approval from the final Insolvency Administrator as well as the bodies of Creditors. The amount of the sales price has not been disclosed by either party. Having its headquarters in Oberursel, Aero Flight GmbH & Co.Luftverkehrs-KG submitted an Insolvency petition to the District Court in Bad Homburg on November 24, 2005 on account of difficulties meeting its payments.
November 29, 2005, Frankfurt am Main: The Aero Flight GmbH & Co. Luftverkehrs-KG Preliminary Insolvency Administrator begins his function. The District Court of Bad Homburg has appointed Frankfurt Attorney Ottmar Hermann as Insolvency Administrator for the Aero Flight GmbH & Co. Luftverkehrs-KG that is undergoing payment difficulties. In the meantime, the Insolvency Law team of the HERMANN law firm has assumed their duties at the offices of the airline company headquartered in Oberursel in order to immediately get a picture of the present situation as well as possible investors. Aero Flight lately has six Airbuses. The Company was founded in 2003 following the Insolvency of the venerable airline Aero Lloyd.
December 12, 2005, Leipzig: The Weimar Electric Wholesale saved from Insolvency. As the reorganization advisor who since the Spring of 2005 has advised WEHA-Elektro-Technischer Großhandel GmbH that is undergoing Insolvency Proceedings, upon order of the Insolvency Debtor, attorney Rainer M. Bähr compiled an insolvency plan. With only one dissenting vote, the Creditors’ meeting overwhelmingly approved the plan. After the District Court of Erfurt approves the insolvency plan in the meantime, the Insolvency Proceedings are almost ready to be discontinued. In 1990, WEHA- Elektro- Technischer Großhandel GmbH was founded from a regional wholesale cooperative company. Henceforth, the groundwork has been laid for the current ten employees and their strong, tight client-oriented company to prove their worth on the regional marketplace.
October 1, 2005, Limburg: HERMANN opens a branch office in Limburg: We have opened an additional branch office under the direction of our new colleague, Karl Nießler. Alongside him, our Partner Thomas Fiedler is likewise the contact partner for our clients in Limburg. Further information on our new branch office and on the area of law in which we work can be found by clicking here.
August 15, 2005, Frankfurt am Main: Mr. Hermann appointed as preliminary Insolvency Administrator in First Rail Property Insolvency Proceedings. In order to safeguard the assets of First Rail Property GmbH, the District Court of Darmstadt has ordered preliminary Insolvency Proceeding against the company. The Company has concluded a framework agreement with Deutsch Bahn AG and Deutsche Bahn Station & Service AG for the acquisition of 1,016 train stations and has already acquired 502 train stations by the end of 2004. You can find further information in our press release by clicking here:
July 1, 2005, Frankfurt am Main: New Internet Presence Online. We are delighted we can now be found with a completely newly designed internet site on the worldwide web. An English language version will follow in the coming months whose contents, incidentally, will be further expanded. On the occasion of this transfer we have renamed our web domain www.hermann-law.com. Henceforth, you can also reach our associates through their new E-Mail addresses with the indication: name@hermann-law.com. In addition, the former E-Mail addresses can still be used by our clients.
May 10, 2005, Frankfurt am Main: Philipp Holzmann AG – Equity Interest in the Birecik Hyroelectric Power Plant sold. The Bireck Hydroelectric Power Plant, a significant associated foreign company of Philipp Holzmann AG, was able to be successfully disposed to a Japanese Investor. You can find further information in our press release by clicking here.
October 12, 2004: Bosnian Insolvency Law wins top position according to the European Bank for Reconstruction and Development. A study on behalf of the European Bank for Reconstruction and Development (www.ebrd.com) has indicated Insolvency Law in Bosnia-Herzegovina conforms best to international standards of the youngest on-going law reforms in comparison to the law reforms of twenty-seven other former Warsaw Pact nations. The new Bosnia-Herzegovina Insolveny Law reform goes back considerably to a preliminary draft law written by the Partners of our Firm mandated by and in collaboration with the Working Group for Technical Co-operation (the "GTZ“) and the World Bank.
October 1, 2004, Karlsruhe: Reorganization of Aluminum Manufacturer from Karlsruhe. As Insolvency Administrator, Ottmar Hermann was successful in the reorganization and sale as of June 1, 2004 to Sommer Antriebs- and Funktechnik GmbH headquartered in Kircheim of Groke GmbH & Co. KG in Karlsruhe, a company with a long tradition spanning more than 100 years known in the specialized trade as a manufacturer of high-quality aluminum house entrance doors and aluminum windows following the opening of the Insolvency Proceedings that occurred at the end of December 2003. Groke will operate in the future under the name of Groke Tore und Türen GmbH. It will operate independently in the marketplace. 37 jobs were able to be protected in the long term by the sale. Through vertical product integration both companies are able to offer an attractive, full range of power trains, radio controls, doors and gates. For this reason the Insolvency Administrator contributed significantly to the establishment of an effective, sustainable company in the marketplace. |
