Prime Holding GmbH has utilized to the Vienna Industrial Court docket for restructuring proceedings with out self-administration with liabilities of EUR 1.275 billion and Prime Beteiligung GmbH with EUR 37.5 million. Each are providing a restructuring plan with a quota of 20 p.c, are primarily based in Vienna and are pure funding corporations, in keeping with KSV1870.
On Friday afternoon, the KSV defined the explanations for the 2 bankruptcies in each circumstances: “The rationale for the applying for restructuring proceedings with out self-administration was that the debtor might now not count on any revenue distributions from its investments or any financing from its shareholders within the brief time period.” KSV1870 has not but obtained any additional details about the construction of the collectors. In accordance with info from the collectors’ safety company, each corporations are to proceed to function.
Suspicion of negligent testing
Simply final week, the German “Supervisor Magazin” reported that the insolvency directors have been now taking a more in-depth have a look at the function of the auditors. Consultants had already been contacted to discover any claims towards the auditors. The suspicion that the audit was carried out negligently is being investigated.
Firm founder Rene Benko was solely invited to the parliamentary Cofag investigation committee on Wednesday, however remained tight-lipped on necessary points for lengthy stretches.
He largely declined to remark, citing the numerous authorized proceedings towards him and the Signa group of corporations, which was largely additionally bancrupt. Three coercive penalties have been requested for “refusal to testify”.
Whereas Benko needed to reply questions from parliamentarians in Vienna, his company empire was additionally the topic of dialogue in Innsbruck. The native regional court docket held the listening to within the chapter proceedings towards the Benko household personal basis. After the one-hour listening to, insolvency administrator Herbert Matzunski instructed journalists that 2.3 billion euros in creditor claims had been filed. Nevertheless, solely 49.4 million euros of this was acknowledged.
