11
Apr
Q-CELLS - DECLARED THE STATE OF THE INSOLVENCY April 3, 2012
Apr 11, 2012
The manufacturer of photovoltaic cells and modules Q-Cells has officially entered the day in a state of insolvency April 3, 2012 with the delivery of the company's books with the competent court of Dessau (Germany).
After a long standoff lasted six months among the creditors of bonds Q-Cells (bondholders) and Q-Cells itself, the agreement reached a few months ago is suddenly jumped Friday, March 30, 2012, by means of a small group of for credit by the Court of Frankfurt, causing an immediate request for redefinition of the financial restructuring plan already provided (and accepted by the creditor in the first instance) for several months.The state of insolvency provides 30 days to verify the conditions of a possible debt restructuring with the help of a Trustee assigned by the competent Court, the same curator who handled the important and recent case Solon, pointing out that the company in Solon insolvency was found an immediate solution through its sale to a company in the UAE.
In order to understand the timing of resumption of production and commercial activities will take several days to allow the Trustee to undertake evaluation activities necessary for this purpose. The staff of Coenergia remains at the disposal of its customers for any claims or clarification needed.
After a long standoff lasted six months among the creditors of bonds Q-Cells (bondholders) and Q-Cells itself, the agreement reached a few months ago is suddenly jumped Friday, March 30, 2012, by means of a small group of for credit by the Court of Frankfurt, causing an immediate request for redefinition of the financial restructuring plan already provided (and accepted by the creditor in the first instance) for several months.The state of insolvency provides 30 days to verify the conditions of a possible debt restructuring with the help of a Trustee assigned by the competent Court, the same curator who handled the important and recent case Solon, pointing out that the company in Solon insolvency was found an immediate solution through its sale to a company in the UAE.
In order to understand the timing of resumption of production and commercial activities will take several days to allow the Trustee to undertake evaluation activities necessary for this purpose. The staff of Coenergia remains at the disposal of its customers for any claims or clarification needed.