"The insolvency plan ensures the long-term continuation of business operations in Lahr and the preservation of all jobs. At the same time, we have met the creditors' claims in the best way possible. Given the current automotive environment and in light of the COVID-19 pandemic, this can be considered a great success", says Marc-Philippe Hornung, partner at law firm Schilling, Zutt & Anschütz. As court-appointed trustee, Hornung was involved in preparing the insolvency plan. Stuttgart-based law firm Menold Bezler advises on the restructuring process.
Since its foundation in 1956, Galvanoform has been a traditional company based in Lahr and has developed into one of the largest European manufacturers of precision tools. The company had filed for insolvency under self-administration at the Local Court Offenburg in December. Plans to complete the restructuring process in April 2020 failed due to the COVID-19 pandemic.
SZA Schilling, Zutt & Anschütz Rechtsanwaltsgesellschaft mbH
Schilling, Zutt & Anschütz has been one of the most respected German business law firms for almost one century. With approximately 100 lawyers and offices in Frankfurt, Mannheim, Munich, and Brussels, the firm advises national and international clients on complex legal issues arising in business, in particular in the areas of corporate law, M&A, compliance, capital markets, real estate, insolvency, employment law, antitrust, intellectual property, litigation, tax, private clients and public law.