Squire Patton Boggs has acted for Eastern Goldfields Limited (formerly Swan Gold Mining Limited) on a capital raising and debt restructure in connection with the requotation of the company’s securities on the Australian Securities Exchange (ASX) following a period of suspension.
The restructuring expert Torsten Gutmann from PLUTA Rechtsanwalts GmbH achieved the optimal solution for the future of the insolvent company CTS Logistik Personal Service GmbH from Göttingen. The relevant meeting for discussion and voting in the debtor-in-possession proceedings was already held in January. All the groups of creditors agreed to the insolvency plan drafted, and in the meantime it has already come into effect.
Abeking & Rasmussen Schiffs- und Yachtwerft Aktiengesellschaft, located in Lemwerder, has assumed the legal form of a Societas Europaea (SE). The formation of the SE was carried out by the merger of an Austrian subsidiary stock corporation of the Abeking & Rasmussen Aktiengesellschaft.
On 10 August 2014, African Bank Limited of South Africa was placed under the local bank rescue process of curatorship and Mr Thomas Winterboer of PricewaterhouseCoopers South Africa was appointed as its Curator. African Bank mainly offers unsecured personal loans to individuals in the medium to lower income segments in South Africa and plays an important role as a regulated loan provider for many South Africans.
Jones Day acted for Guardian Digital Communications Holdings Limited, Guardian Digital Communications Limited and Airwave Solutions Limited (the "Group") (subsidiaries of Macquarie European Infrastructure Fund 2) in connection with the sale of Airwave Solutions to Motorola for £817.5 million.
A team led by Dr. Thorsten Kuthe, Partner at business law firm Heuking Kühn Lüer Wojtek, legally advised Meridio Vermögensverwaltung AG on restructuring the company and on a combined cash and non-cash capital increase of up to 15,750,000 euros.
In a spin-off, the company’s entire assets, including the business operations, will be transferred to wholly-owned subsidiary MERIDIO ZIBA AG, headquartered in Cologne. Previous Meridio Vermögensverwaltung AG is to act as a group holding company in the newly created group structure.
Insolvency administrator Dr. Martin Prager from PLUTA Rechtsanwalts GmbH has fully satisfied the claims of all the creditors of TACO Kunststofftechnik GmbH. These claims are all the regular insolvency claims pursuant to section 38 of the German Insolvency Code (Insolvenzordnung - InsO).
Hong Kong - Paul Hastings is representing state-owned shipping giant China Ocean Shipping (Group) Company (“COSCOrdquo;), China COSCO Holdings Company Limited (“China COSCO”) and its associated companies in the landmark restructuring involving both COSCO and China Shipping Group (“China Shipping”), comprising a series of asset acquisitions and disposals among COSCO, China Shipping and their respective subsidiaries.
Insolvency administrator Mr Ivo-Meinert Willrodt from PLUTA Rechtsanwalts GmbH has achieved an investor solution for Straubinger Metallbau GmbH. The acquisition took the form of restructuring by way of an asset transfer with effect as of today. The company’s name will be preserved. It has been agreed that the purchase price will not be published. 18 employees will be kept on.
Led by Dr. Helge-Torsten Wöhlert, the business and commercial law firm of Heuking Kühn Lüer Wojtek advised the global Chiquita group of companies within the context of a reorganization of the Chiquita Group’s corporate structure.
Purpose of such reorganization was a reduction in the number of legal entities, a drive for efficiencies and a reduction of costs. In order to consolidate and simplify the business in Europe, inter alia cross-border mergers were completed.