Will Germany’s Cuban cigar distributor restructure or liquidate its assets? That’s now the major question for 5th Avenue Products Trading GmbH, which distributes Cuban cigars to Germany, Austria and Poland. Last week, the company halted operations and notified retailers that it would no longer be supplying Cuban cigars for the time being. Now, the company has begun proceedings for insolvency, a form of bankruptcy where a company cannot pay its debts.
The disruption to 5th Avenue’s business is all centered…