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Article: Acument Initiates Insolvency Process for German Operations
- Article from:
- Wireless News
- Article date:
- August 12, 2009
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Wireless News
08-12-2009
Acument Initiates Insolvency Process for German Operations
Type: News
Acument Global Technologies, a supplier of mechanical fastening systems, recently announced it advised management to initiate insolvency plan proceedings according to the German Insolvency Code for its business in Germany, Acument (Acument Germany), headquartered in Neuss.
Acument Germany has filed for a self-administered, pre-packaged restructuring plan (similar to a U.S. chapter 11 filing) under the supervision of the Insolvency Court in Dusseldorf, Germany, and a Preliminary Insolvency Administrator.
The Insolvency Court has appointed Dr. Wolf von der Fecht to serve as Preliminary Insolvency ...