Peiner Umformtechnik GmbH: Preliminary Debtor-in-Possession-Proceedings opened in preliminary insolvency proceedings

14. März 2018

Dr. Thomas Dückers appointed as new Managing Director

  • Significance of Debtor-in-Possession-Proceedings: The management stays in charge and is fully capable of acting on behalf of the Company
  • Restructuring expert Dr. Alexander Hoepfner of BBL Bernsau Brockdorff & Partner Rechtsanwälte appointed as General Representative
  • Manuel Sack, of Brinkmann & Partner appointed as preliminary custodian
  • Business operations continue in full, and salaries and wages have been secured by pre-financing of insolvency money until May 2018

Peine, 13 March 2018. On 12 March 2018, the Local District Court of Gifhorn issued an order to open preliminary debtor-in-possession-proceedings as insolvency proceedings concerning the assets of Peiner Umformtechnik GmbH and Peiner Services GmbH (case no. 35 IN 45/18 and 35 IN 46/18, respectively). At the same time of this order to open preliminary debtor-in-possession-proceedings, the previous managing director was dismissed and business sector expert Dr. Thomas Dückers has been appointed as the new managing director of both companies. In addition, Dr. Alexander Hoepfner of BBL Bernsau Brockdorff & Partner Rechtsanwälte PartGmbB was appointed as chief representative in order to support the management of the company in all aspects of insolvency law within the scope of its debtor-in-possession-proceedings. The local district court has also appointed the Hanover-based lawyer and restructuring expert Manuel Sack from the law firm Brinkmann & Partner, which is active throughout Germany, as preliminary custodian of both companies. The management is thus fully capable of acting.

The company’s business operations will continue to operate in full. Wages and salaries for the months of March to May 2018 will be paid out via a pre-financing of insolvency money. The workforce was comprehensively informed at a staff meeting on 13 March 2018.

The management and the preliminary custodian will immediately initiate an investor process to strengthen Peiner Umformtechnik GmbH with its 260 employees for the future. The sister company Peiner Services GmbH performs administrative functions within the corporate group and is included in the investor process.

Press contact:
Schellenberg & Kirchberg PR
Corduroy Schellenberg
Phone +49 40 59350500

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