{"id":45874,"date":"2024-11-27T10:32:57","date_gmt":"2024-11-27T10:32:57","guid":{"rendered":"https:\/\/my.legal500.com\/developments\/?post_type=press_releases&#038;p=45874"},"modified":"2024-11-27T10:33:04","modified_gmt":"2024-11-27T10:33:04","slug":"wilhelm-wismann-gmbh-restructures-itself-under-self-administration","status":"publish","type":"press_releases","link":"https:\/\/my.legal500.com\/developments\/press-releases\/wilhelm-wismann-gmbh-restructures-itself-under-self-administration\/","title":{"rendered":"Wilhelm Wi\u00dfmann GmbH restructures itself under self-administration"},"content":{"rendered":"<p><strong>On May 16, 2024, the Duisburg District Court approved the insolvency application of Wilhelm Wi\u00dfmann GmbH from Schermbeck and ordered provisional self-administration.<\/strong><!--more--><span style=\"font-size: 1rem\">G\u00d6RG partners Holger Rhode and Dr. Raul I. Taras were appointed to the company&#8217;s management board to support management and be responsible for the reorganization as restructuring managing directors (CIO).<\/span><\/p>\n<p>The aim of the self-administration procedure is to restructure Wilhelm Wi\u00dfmann GmbH sustainably and thus make it fully economically viable again. All jobs of the approximately 70 employees are to be retained. Production will continue seamlessly during the procedure. In addition, salaries are initially secured for a period of three months through insolvency money.<\/p>\n<p>Wilhelm Wi\u00dfmann GmbH is a supplier to the rail vehicle industry in a niche growth market in Europe in the interior design for rail vehicles division. Specifically, it manufactures floors, partition walls, ceiling elements, air conditioning ducts, entry furniture and furniture for catering for rail vehicles. This market is occupied by a few other competitors in Germany. The applicant&#8217;s customers include Siemens, DB, Stadler, Alstom and RCS.<\/p>\n<p>A G\u00d6RG team led by the restructuring and reorganization experts Holger Rhode and Dr. Raul I. Taras will work with the supplier&#8217;s operational management to develop a restructuring plan. Thomas Montag from the management consultancy MONTAG&amp;MONTAG will complement the management as CRO. Attorney Sarah Wolf from Anchor Rechtsanwaltsgesellschaft mbH was appointed as provisional administrator by the Duisburg District Court. Wolf will assume judicial supervision of the restructuring process in order to protect the interests of the creditors.<\/p>\n<p><strong>Consultant Wilhelm Wi\u00dfmann GmbH<\/strong><\/p>\n<p><strong>G\u00d6RG Partnerschaft von Rechtsanw\u00e4lten mbB<\/strong><br \/>\nHolger Rhode (Restructuring manager, partner, insolvency administration, D\u00fcsseldorf)<br \/>\nDr. Raul I. Taras (Restructuring manager, partner, restructuring, Cologne)<\/p>\n<h3><strong>MONTAG &amp; MONTAG<\/strong><br \/>\nDipl. Kfm. Thomas Montag (Restructuring manager)<\/h3>\n<h3><strong>Administration<\/strong><\/h3>\n<p><strong>Anchor Rechtsanwaltsgesellschaft mbH\u00a0<\/strong><br \/>\nSarah Wolf<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-45874","press_releases","type-press_releases","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases\/45874","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases"}],"about":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/types\/press_releases"}],"wp:attachment":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/media?parent=45874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}