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Creditor advice

 

Avoid financial losses

Our experience in insolvency proceedings consistently shows that suppliers and other creditors do not seek legal advice. When it comes to securing claims from continued deliveries and clarifying title retention rights, they often do not protect their own positions properly. This can lead to considerable financial losses throughout the proceedings.It is often a good idea to seek legal advice to avoid unnecessary economic penalties. On top of that, suppliers are being more frequently confronted with combination and self-administration processes and consequent insolvency plans. It is often not simple to assess the consequences of an insolvency plan for a supplier.

We can help you better understand your legal position here and, if necessary, improve it. We can rely on our extensive experience in this area. For example, we represented the largest whitegoods supplier during the Arcandor Group insolvency proceedings on all matters of continued delivery as well as enforcement of title retention rights. We represented a large French cosmetics group on the same topics in the proceedings for the Schlecker Group's assets. During the self-administered insolvency of a third league football team and the attached stadium company, we advised the affected local authorities and all concerned municipal companies during the insolvency proceedings so that they could get the best possible results.