Wednesday, March 9, 2011

Mold On Timbertech Deck

Garbe Logimac AG - Investor will agree to a completely non-transparent redevelopment agreement!

BSZ trust attorneys represent investors. Once investors had already in 2009, the information of the sheaf Logimac digest AG, that the distributions will be reduced by half, now followed by another negative surprise.

The sheaf Logimac AG announced its investors with circular letter dated 25.02.2011 that the credit extended by the Company of Garbe Holding AG & Co. KG - unsecured! - Loan of Euro 25 Million (loan proceeds plus accrued interest in the meantime according to Garbe Logimac AG) is probably entirely or largely uncollectible. Therefore, investors should now review its approval to conclude a restructuring agreement, give the effect that the sheaf Logimac AG to Garbe Holding AG & Co. KG to 85.8% of the unsecured loan debt waived.

BSZ trust attorneys advise their clients to refuse this restructuring agreement, in so far on the consent form and within the proposed resolution actively vote "no."

At the sheaf Logimac AG investors could participate as an atypical silent partner. The atypical silent partner is liable with his investment, it is therefore in this type of investment, the risk of losing the invested capital in full. "About this risk and about the fact that in the event of insolvency; the liquidation and may in the event of planned termination of participation in the sheaf Logimac AG, the investor reinvested the dividends must be paid back to the company were known to the BSZ trust lawyers CLLB lawyers represent investors or not to give sufficient information, "said lawyer Dr. Henning Leitz of specializing in capital markets law firm CLLB lawyers.

Independently of any resulting claims for reversal of the participation BSZ trust lawyers present, in as far to the sheaf Logimac AG and the other leaders also in terms of the unsecured (! ) Payout of the loan in 2008 can be claimed at the Garbe Holding AG claims. The actions of the leaders seems especially against the background as problematic, since the granting of unsecured loan to Garbe Holding AG - and the corresponding decision by the shareholders - took place in 2008, although in the annual report from 06.08.2009 the sheaf Logimac AG pursuant to the economic situation of grave Logimac AG halving the dividend was announced. The economic developments that have led to a reduction in distributions may well already in 2008 have been announced.

BSZ trust lawyers CLLB lawyers were already commissioned a number of investors of the sheaf Logimac AG to enforce, according to the individual investor, this rightful compensation. "The objective in these cases, the complete reversal of its investments. This would mean that investors would be reimbursed the amount paid in full and / or to provide any further payments to the sheaf Logimac AG would be." the actual case, Hösle of the BSZ trust firm CLLB Lawyers on.


BSZ ® federation for social and civil rights consciousness eV
Lagerstr. 49
64807 Phone: 06071-9816810

This text is the contribution from the back 03/09/2011 . Possible future changes of the facts are not considered

0 comments:

Post a Comment