Two historic German shipyards have filed an application for insolvency as hundreds of workers are left in the cold…
Shipbuilder Flensburger Schiffbau-Gesellschaft (FSG) and superyacht shipyard Nobiskrug have officially filed for insolvency, deepening the ongoing crisis for their parent company, Tennor Group, and its owner, Lars Windhorst.
District courts in Flensburg and Neumünster have appointed the lawyers Christoph Morgen, Partner, Brinkmann & Partner and Hendrik Gittermann, Partner, REIMER as provisional insolvency administrators. The insolvency filings, submitted to the district courts in Flensburg and Neumünster, follow months of financial instability and reported mismanagement.
The bleak…
