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Board reached the conclusion that a going concern of the company cannot be restored on a sufficiently secure legal basis
April 2, 2012
By: DAVID SAVASTANO
Editor, Ink World Magazine
Q-Cells SE will file for insolvency proceedings on April 3, 2012, at the competent Insolvency Court in Dessau. Against the background of the final ruling of the Frankfurt Higher Regional Court in the Pfleiderer case on March 27, 2012, the company had come to the conclusion that no going concern prognosis is given anymore. Following an intensive review of alternative concepts for the implementation of the financial restructuring, the Executive Board has reached the conclusion that a going conc...
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