On Feb. 11, German Pellets GmbH announced a German court has appointed a provisional insolvency administrator with regard to insolvency proceedings that have been initiated against the assets of the company.
A statement issued by German Pellets indicates the insolvency court in Schwerin, Germany, has appointed Bettina Schmudde, a lawyer with the firm Kanzlei White & Case, as the provisional solvency administrator. The notice also states that in its Feb. 10 resolution, the court instructed the provisional solvency administrator to safeguard the companys assets. The administrator also has the task of ascertaining whether there are sufficient grounds to commence proceedings and assessing the prospects for the companys continued exi…
Read the full article at: http://biomassmagazine.com/articles/12902/german-pellets-files-for-insolvency
