All the creditors will have to provide a restructuring contribution in order to ensure the survival of the company. Once the insolvency plan is approved, the related insolvency proceedings will be closed.The German power supply and control products manufacturer AEG Power Solutions announced that its insolvency plan under the so-called protective shield proceedings (Schutzschirmverfahren) has been unanimously approved and accepted by the District Court of Arnsberg, Germany.
International law firm Denton reported on Friday that all the company's creditors have approved the plan without any dissenting votes or abstentions. ...Den vollständigen Artikel lesen ...