WISI Communications, the German communications tech provider, has announced that, on November 27th, the Pforzheim District Court decided to terminate the insolvency proceedings against the assets of the company.
The decision came into effect at midnight on November 30th, following the legally binding confirmation of the insolvency plan. WISI said it initiated the insolvency proceedings in order to facilitate a sustainable restructuring of the company.
A company statement said: “Thanks to the trusting cooperation with our insolvency administrators, Luther Rechtsanwaltsgesellschaft mbH, and the tireless efforts and commitment of our employees, we have been able to successfully navigate this challenging…
