Pre-insolvency

Adveo Deutschland cites pre-insolvency

November 13, 2018

The German-based division of Adveo Group International has announced that it is invoking a pre-insolvency protection mechanism which falls under German law. As Reuters reports, by invoking pre-insolvency protection, the company “can’t be claimed by its creditors during negotiations related to refinancing.” Companies can adopt this mechanism for a period of up to 3 months; […]