Photon Laboratory files for insolvency


The District Court of Aachen opened insolvency proceedings against the Photon Laboratory GmbH on January 9, according to official court documents.

The court, which opened proceedings based on a claim from a creditor received on June 16, has appointed Aachen attorney Andreas Schmitz as the company’s insolvency administrator. Creditors have until February 13 to register their claims. The court has set a creditors meeting for March 12.

Schmitz is also administrating the insolvent Photon Holding GmbH. The Aachen court opened insolvency proceedings against Photon Holding in July due to illiquidity and indebtedness, likewise following a creditor petition. A few weeks before the move, creditors had filed requests for insolvency proceedings to be opened against both Photon Publishing GmbH and Photon Holding.

Photon has said the Aachen District Court opened preliminary proceedings for the company due to a tax obligation the company had to the tax office of Aachen. While the group stressed that it did not dispute the tax obligation, it said it had submitted tax refund claims approximately equal to the amount owed but which had yet to be validated.

The German company’s assets include industry magazines Photon International and the German Photon Das Solarstrom-Magazin.

A separate but affiliated company, Photon Europe GmbH, filed for insolvency at the end of 2012. In the course of those proceedings, the company’s business was transferred to Photon Publishing GmbH, which was headed by virtually the same management as the bankrupt company. Creditor claims at the time totaled more than €9 million, pv magazine reported.

Popular content

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact:


Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.