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EIOPA provides initial information to policyholders affected by FWU AG’s insolvency

www.eiopa.europa.eu · 19 August 2024

German holding company FWU AG has gone into insolvency and many policyholders have questions and are wondering what to do. With this note, EIOPA provides an initial overview of the current situation and some considerations for policyholders. The Local Court of Munich has appointed attorney Ivo-Meinert Willrodt from PLUTA Rechtsanwalts GmbH as provisional insolvency administrator.

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CHRONEXT Announces Strategic Restructuring Process

en.worldtempus.com · 15 August 2024

CHRONEXT Service Germany GmbH has initiated a reorganization procedure under its own administration. During the restructuring phase, the company will be supported by the experienced restructuring experts of PLUTA Rechtsanwalts GmbH, attorneys Tillman de Vries and Dr. Ruth Rigol. Numerous industry media report about the online watch retailer.

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Kolbus restructures for sustainable future

www.printweek.com · 23 July 2024

Restructuring expert Stefan Meyer of PLUTA Rechtsanwalts GmbH has been provisionally appointed as trustee of the traditional and family-owned company KOLBUS. The aim is to preserve the company and create a sustainable basis for the future. Numerous regional and specialized media report on the mechanical engineering company.

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Frankfurt skyscraper owner files for insolvency as property crisis grips

www.reuters.com · 25 June 2024

The owner of a prominent skyscraper in Germany's banking capital of Frankfurt has filed for insolvency. The competent local court ordered provisional insolvency administration for the company’s assets and appointed Dr. Stephan Laubereau from PLUTA as the provisional administrator. There is a lot of media coverage of the proceedings.

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Dock Financial is Insolvent: Buyer Wanted for Technology

technewsinsight.com · 13 June 2024

Ivo-Meinert Willrodt and Marlene Scheinert from PLUTA are the insolvency administrators for the Dock Financial group. The aim is to find a buyer for the start-up's technology. Several industry media are reporting on the insolvency of the technology company.

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Interview with Managing Partner Ivo-Meinert Willrodt

www.pluta.net · 1 September 2023

Managing Partner Ivo-Meinert Willrodt is featured in an interview in the current issue of INSOL World magazine. The magazine is published by the international industry association INSOL International and regularly provides news from the global restructuring and insolvency administration industry.

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German automotive supplier Allgaier files for insolvency

www.reuters.com · 21 June 2023

German automotive supplier Allgaier has filed for insolvency, a year after being sold to a Chinese investor. The court appointed Fritz Zanker from the law firm PLUTA as the provisional insolvency administrator. International media also report on the proceedings.

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Warendorf saved by German furniture manufacturer Hülsta Group

kbbfocus.com · 5 April 2023

Warendorf, a manufacturer of premium kitchens, has been saved. Attorneys Mr Stefan Meyer and Dr Ria Brüninghoff have sold Warendorf Küchenfabrik GmbH and Warendorf Küchen Retails GmbH to a company of the Hülsta Group. Under the investor plan, Hülsta will keep on more than 80 employees from the two insolvent companies. National and international media report on it.

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Alfred Reimer GmbH’s Debtor-in-Possession Proceedings

globallegalchronicle.com · 1 February 2023

Alfred Reimer GmbH filed for insolvency under debtor-in-possession. PLUTA attorney Dr Brüninghoff has been appointed as provisional insolvency monitor. The company was founded in 1983 by Mr Alfred Reimer and specialises in producing high-precision parts for the European high-tech industry.

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Warendorf to restructure under insolvency proceedings

www.kandbnews.co.uk · 5 December 2022

German kitchen manufacturer Warendorf Küchenfabrik GmbH is set to restructure under insolvency proceedings. The Local Court of Münster ordered provisional insolvency proceedings and appointed Stefan Meyer from PLUTA as provisional administrator.

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Here's what happens next at Windeln.de after the insolvency filing

www.startbase.com · 8 November 2022

The Munich Local Court appoints Ivo-Meinert Willrodt of PLUTA Rechtsanwalts GmbH as windeln.de's provisional insolvency administrator. The company filed for insolvency due to liquidity problems. The goal now is to find a new investor for windeln.de.

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Northern Helicopter snaps up Wiking’s harbour pilot unit, but crew-change business to close

www.flightglobal.com · 5 October 2022

Restructuring expert Dr. Christian Kaufmann handling the administration of Germany’s Wiking Helikopter Service found a buyer for part of the firm. Northern Helicopter GmbH, based in Emden, is taking over several activities of the helicopter flight operator. Around 50 employees will be kept on. Numerous trade portals informed about the solution.

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After bankruptcy: Surf4shoes’ business operations will be “continued in full”

taketonews.com · 19 September 2022

The online shoe retailer surf4shoes has filed for insolvency, and Michael Pluta from PLUTA Rechtsanwalts GmbH has been appointed as provisional administrator. The business operations will be continued in full. Nothing will change for the customers for the time being. New orders can still be placed in the online shop. The goal is a viable solution for the future of the company. Many retail media and online portals announced the news.

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Rational files for insolvency

www.kbbreview.com · 16 September 2022

The German Kitchen furniture brand Rational has applied for insolvency. Stefan Meyer of PLUTA Rechtsanwalts GmbH had been appointed as provisional administrator. The production of new kitchens is currently on hold due to the total failure of critical parts of the server systems. Despite the critical situation, the intention is to preserve the business and find a solution that will keep the company going. International media report about the insolvency proceedings.

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Wiking Helikopter Service plunges into administration

www.flightglobal.com · 17 June 2022

The German offshore transport specialist Wiking Helikopter Service has entered administration due to rising fuel costs, loss-making contracts and the lingering effects of the coronavirus pandemic. The company based in Sande was placed into administration on 15 June. Dr Christian Kaufmann was appointed as insolvency practitioner and takes part in negotiations.

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Burnus Group’s Restructuring Process Under Self-Administration

www.globallegalchronicle.com · 24 February 2022

The Burnus Group, a long-established manufacturer of body care products and detergents, has filed an application for debtor-in-possession proceedings. It will be advised by restructuring experts Dr Maximilian Pluta and Philip Konen from PLUTA Rechtsanwalts GmbH.

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Kehag open for investor

www.energate-messenger.com · 12 January 2022

The district court in Oldenburg decided that Kehag Energiehandel is allowed to restructure in self-administration. Christian Kaufmann from the law firm PLUTA and Raik Müller from the law firm Rödl will restructure the energy trading company together with the current managing director Jan Kästner.

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PLUTA Academy holds seminar day for capital providers in times of crisis

www.globallegalchronicle.com · 14 December 2021

The PLUTA restructuring company will admit external professionals and business partners to the PLUTA Academy from 2022 onwards.

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Q.beyond’s Acquisition of Scanplus

www.globallegalchronicle.com · 14 December 2021

Listed IT service provider q.beyond AG is acquiring the operating business of Ulm-based scanplus GmbH, which is especially active in the cloud and IT security business. PLUTA assisted Scanplus in the restructuring proceedings.

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PLUTA Abogados appoints new director for Spain

www.iberianlawyer.com · 23 November 2021

PLUTA Abogados y Administradores Concursales, SLP, is expanded by the experienced lawyer Xavier Garcia Esteve, who knows restructuring firms in Spain. The new director, who is regularly in touch with the Commercial Courts throughout Spain, especially in Madrid and Barcelona, is looking forward to help companies in times of crisis as well as working with the PLUTA and his new team. Specialized media report on it.

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Investor solution for the entire castings division of C.F. MAIER

www.foundry-planet.com · 3 September 2021

Chief restructuring officer (CRO) Marcus Katholing and the PLUTA team have reached an investor solution for the entire castings division of C.F. Maier. The The restructuring experts have managed to preserve all jobs at both locations and customers can still expect a reliable supply in the future. An English trade medium reports on the successful solution.

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Navigator Group’s Acquisition of RPM Rüster Group

www.globallegalchronicle.com · 20 July 2021

Insolvency administrators Fritz Zanker and Steffen Beck have found a follow-up solution for the RPM Rüster Group from Deggingen. The buyers are two newly established subsidiaries of the Navigator Group, a medium-sized, owner-managed holding company based in Munich. Around 50 employees will be kept on.

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Krankenhaus Land Hadeln Otterndorf GmbH’s Insolvency Proceedings

www.globallegalchronicle.com · 24 May 2021

The coronavirus pandemic triggered a liquidity crisis for the clinic. The local court of Cuxhaven ordered regular insolvency proceedings for the assets of Krankenhaus Land Hadeln Otterndorf GmbH. PLUTA expert Dr. Christian Kaufmann is provisional insolvency administrator.

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BLEYER GmbH & Co. KG’s Insolvency Filing

www.globallegalchronicle.com · 27 April 2021

The Corona pandemic poses major economic challenges for the shoe manufacturer Bleyer. The company subsequently filed for insolvency. The local court appointed PLUTA expert Frank Schorisch as insolvency administrator. Bleyer specialises in manufacturing sports footwear for various recreational and professional sports.

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Bäumler’s demise a ‘sad day’ for menswear

www.drapersonline.com · 1 April 2021

Bäumler was forced to file for insolvency due to liquidity problems. PLUTA expert Ivo-Meinert Willrodt was appointed as insolvency administrator. The fashion company's operations had to be shut down since it was not possible to find an investor.

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After bankruptcy: German hotel group is looking for buyers

personal-financial.com · 14 October 2020

The chain Tidal Operations Germany operates hotels in different German cities. It had to file for bankruptcy – and insolvency administrator Michael Bremen is looking for an investor. Various media report about it.

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Seat maker Zim Flugsitz files for insolvency

www.flightglobal.com · 21 July 2020

ZIM Flugsitz GmbH has filed an application for debtor-in-possession insolvency proceedings. Management at the aircraft seat manufacturer will be supported by experts Mr Jochen Glück and Dr Maximilian Pluta. Several specialized media report about it.

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German restaurant chain Vapiano files for insolvency

www.reuters.com · 2 April 2020

The management board of Vapiano SE has filed for insolvency with the Local Court of Cologne. The court has appointed Dr Ruth Rigol of PLUTA Rechtsanwalts GmbH as provisional insolvency administrator for the restaurant chain. Many media report about it.

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New start for Gerry Weber

www.retaildetail.eu · 3 January 2020

The new year brings a new start for German fashion manufacturer Gerry Weber. After eight months, the court of Bielefeld dissolved the insolvency proceedings of the company. PLUTA restructuring expert Stefan Meyer highlights the tailor-made insolvency plan concept. International magazines are reporting.

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Basler shows there can be life after liquidation

www.btgga.com · 2 July 2019

The transition of a global high-end women’s fashion chain based in Germany from a debtor-in-possession restructuring, through liquidation and then into new ownership around the world illustrates the rapidly changing face of retail.
So says Dr Maximilian Pluta, a restructuring partner with PLUTA whose team supported Basler’s management throughout the process.

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At the moment press reviews are only available in German and English language for Germany.

ACS Imtech buys more than 20 million

Business Monkey News · 9 August 2017

The business news wire reports that MASA, a subsidiary of ACS, bought the productive unit of Imtech. Imtech had been in bankruptcy protection since January. Almost 900 jobs are saved now.

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