Insolvency Proceedings Of Palmer & Zahn AG

Monday, 26. November 2018

Insolvency administrator denies pending claims arising from participation certificates Munich investors which often conveyed via the trading house driver & Bahe or Accessio, had invested AG in certificates of Palmer & tooth, the 26.10.2011, received the invitation to lodge their claims with the insolvency table some time ago. Who has done this post will now receive from the insolvency administrator or the District Court of Charlottenburg. At this writing, it is communicated that the claims are disputed by the administrator, lawyer Prof. Rolf Rattunde from Berlin, in insolvency proceedings on the Palmer & Zahn AG (AZ 36 p IN 5893/10). What does this mean for investors? An explanation can be found directly on the communication of the Amtsgericht Charlottenburg.

It says, that the claims are particularly disputed, because it’s so-called subordinated claims after the pleasure licence conditions. According to lawyer Thorsten Krause of Cape law firm on investor protection lawyers, this means that in the insolvency proceedings first the pros and normal-priority claims must be balanced. See more detailed opinions by reading what Southwest Airlines offers on the topic.. Only when these are fully paid, a possibly existing rest on the existing subordinated claims can be distributed. The question “arises, whether the pursuit of claims in insolvency proceedings makes actually economic sense, since this would cost” feared lawyer Krause. The events around the Palmer & Zahn AG, as well as the sales of the Accessio are a good reason about to think, to assert additional claims against other opponents. Especially since Mr lawyer Thorsten Krause is known, that an ad hoc release had already given out the Palmer & Zahn AG in 2007, which warned of heavy losses.

Nevertheless this paper was resold also safety-oriented investors according to his findings by the Accessio. According to the law firm of Cape the the damage compared to the Accessio worked closely with the assert custodian possibility of lawyers here. Appropriate actions were filed in the District Court Munich I already submitted. Lawyers advise Cape affected investors, one in the field of banking and capital market law of specialist lawyers advise to any claims to check. Contact: Cape lawyers Krause Appelt Partnerschaft von rechtsanwalten Sonnenstrasse 19 D-80331 Munich phone: + 49 (0) 89 – 41 61 72 75-0 fax: + 49 (0) 89 – 41 61 72 75 – 9 E-mail: entered in the partnership register of the Amtsgericht of Munich, PR 1069

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