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© solarworld Business | May 11, 2017

SolarWorld starts insolvency proceedings

The management board of SolarWorld AG, after having conducted a diligent review, decided to file for insolvency proceedings.

The company decided that due to the ongoing price erosion and the development of the business, SolarWorld no longer has a positive going concern prognosis. The manufacturer is therefore over-indebted and obliged to file for insolvency proceedings. It is currently under evaluation if a respective obligation to file for insolvency proceedings is also given with regard to affiliated companies of SolarWorld AG.
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April 25 2019 12:19 pm V13.2.1-2