La risposta di OSA alla mia email di ieri
Dear Alessandro,
Please see attached our press release regarding the questions you raised.
Unfortunately, banks still send this kind of letters without informing us and without informing the bondholders correctly about their legal situation in the proceeding and in particular regarding their claim.
Generally on the proceeding:
Rickmers filed for insolvency on 1 June 2017 under self-administration with Mr. Schröder being the preliminary trustee. The court acknowledged the filing and opened the what we call under German law preliminary insolvency proceeding with Mr. Schröder as preliminary trustee. On 5 September 2017 the court opened the insolvency proceeding which usually takes place around 3 months after filing of the insolvency application and the status of the proceeding turned from “preliminary” into “opened” proceeding. With the opening of the proceeding creditors are asked to file their claims with the trustee. As you can see from the attached press release, we as joint representative filed the claims of all bondholders, thus no action is required from the bondholders.
With the opening of the proceeding, the court invites for a first creditors’ meeting, where the self-administration and the trustee appointment is confirmed. It rarely happens that creditors change the person of the trustee. We will join the meeting in our capacity as representative of the bondholders and vote on behalf of the bondholders and will report afterwards. In the meeting the trustee will hand out a report on the status of the proceeding and also on the details of the sale which we will passed on to bondholders.
We are a member of the creditors’ committee and therefore by law obliged to vote on sale offers that are presented in the committee.
Please note that as a member of the committee it is prohibited by German law and subject to penalty to disclose any information that is discussed and decided in the committee. We therefore ask for your understanding that we cannot pass on committee’s internas.
Mit freundlichen Grüßen / Kind regards,
One Square Advisory Services GmbH
- Team Rickmers -
Theatinerstrasse 36
D-80333 München
F:
+49 (0)89 1598 9822