Photon Europe files for insolvency

13. December 2012 | Markets & Trends, Top News | By:  Sandra Enkhardt

Germany’s Aachen District court officially opened preliminary insolvency proceedings against Photon Europe. The prosecution had previously been involved in investigations into delayed filing of insolvency.

Photon flags

Andrè Seckler has been appointed provisional liquidator of Photon Europe.

Photon Europe GmbH has applied for insolvency with the Aachen District Court. Following this, the judge opened preliminary insolvency proceedings for Photon Europe’s assets.

According to the official announcement, attorney Andrè Seckler has been appointed provisional liquidator. He has been authorized to collect bank deposits and other receivables of the debtor, and accept incoming funds.

Just over a week ago, it was announced that the department of public prosecutions in Aachen, where Photon is based, had instigated preliminary proceedings against Photon Europe’s head for "delayed filing of insolvency and other offenses."

At the time, the public prosecutor's office in Germany's Aachen confirmed that it was investigating Photon Europe for the above-mentioned charges. The senior prosecutor Robert Deller would not provide any more details, however.

The Photon Group and its magazines Photon, Photon International and Photon Profi are not affiliated with German-language magazine photovoltaik and  English-language magazine pv magazine. photovoltaik is published by Alfons W. Gentner Verlag GmbH & Co. KG and Solarpraxis AG and pv magazine by Solarpraxis AG.

Translated and edited by Becky Beetz.

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