CMS Wistrand handles cross-border bankruptcy involving operations in Germany
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CMS Wistrand is handling the bankruptcy of TM Global AB and its German branch, with Niklas Alvestrand Körling acting as bankruptcy trustee. The company carried out contracting work in relation to the roll-out of broadband and fibre networks in Germany. At the time of the bankruptcy, four projects were ongoing, with a combined order value of several hundred million Swedish kronor.
“In this matter, it is a great advantage to be able to work alongside the CMS offices in Stuttgart and Hamburg. The bankruptcy raises a number of cross-border issues that need to be handled quickly and efficiently,” says Niklas Alvestrand Körling, partner at CMS Wistrand and bankruptcy trustee.
The sale of the bankruptcy estate’s inventory of fibre equipment and materials will begin shortly. The sale will be conducted through the German auction house Hämmerle GmbH & Co. KG.
The CMS Wistrand team consists of Niklas Alvestrand Körling, partner, Nina Baecklund, counsel, and Frida Persson, associate. In Germany, Prof. Dr. Alexandra Schluck-Amend, partner, and her team at CMS Hasche Sigle are assisting.
For further information, please contact:
Niklas Alvestrand Körling
Partner, CMS Wistrand
+46 8 50 72 00 53
[email protected]
