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On 31 August 2018, the Local Court of Korbach appointed Dr Mario Nawroth from PLUTA Rechtsanwalts GmbH as the provisional insolvency administrator for Diemel-Holstein GbR. The company operates a major agricultural enterprise with more than 1,000 dairy cows and a breeding programme as well as 240 hectares of farming land. The salaries of the 14 employees are guaranteed for a period of three months thanks to the so-called insolvency substitute benefits.
The PLUTA attorney Dr Nawroth has already been able to obtain an initial overview of the situation that the company is in. The restructuring expert and his team are continuing business operations without any restrictions. “We are holding constructive talks with everybody concerned. Our goal is to find a forward-looking, long-term solution for the enterprise. Both the owners and the staff are all pulling together with us and are highly motivated,” said the PLUTA expert Dr Nawroth.
The agricultural enterprise based in Diemelstadt near Kassel had to file for insolvency because of liquidity problems as a result of expanding too quickly. Alongside Dr Nawroth, PLUTA’s restructuring team also includes Mr Jürgen Schendel.