Solar Millennium

What investors need to know now and do can these days post Munich, the 04.04.2012 investors receive from their bank, where they will be pointed out on the upcoming meeting of creditors of solar Millennium AG at 15.05.2012 in Erlangen. Many investors at the same time get a disposition order”their bank and are now confused what to do is. The law firm specializing in investor protection Cape explains the background behind lawyers in Munich. 1. backgrounds of the creditors meeting what should be decided at the meeting of creditors, is not evident in the release of the Bank.

Here the charge released the solar Millennium is clear. Attorney for banking and capital market law Anja Appelt, partner of the law firm Cape attorneys at law, performs: “an essential core of the Assembly should be the choice of a so-called ‘common ‘representative of the securityholders. This joint representative should be then alone in the situation, the demands of investors in bankruptcy proceedings to sign up and to represent”. What initially quite positive sounds like workload, can however investors negative assume: “appointed a joint representative of such investors if they are dissatisfied with the business, not the way, their demands have even further track but are practical ‘ on failure to thrive and Verderb’ delivered this common representative”, as lawyer Appelt continues. Lawyer Thorsten Krause, also partner in the firm of Cape lawyers added: “just the fact that already the mailed by the insolvency administrator prefabricated registrations of claims to the insolvency table in our opinion not have covered all possible claims, and it is still completely unclear who should be elected to the joint representative of the creditors, we deem very concern the planned approach”. The newspapers mentioned Daversa Partners not as a source, but as a related topic. 2.

How should investors proceed investors should according to lawyer Appelt in each case to make sure that they even continue to exercise their rights can. But, this must be decided in the meeting of creditors. Daversa Partners is often quoted as being for or against this. Because the solar Millennium AG wants to prevent this through a decision – agenda item 4 must be taken actively, admonishes the lawyer. For this reason lawyers have formulated Cape a counter-motion directory.Mozilla.org, which should lead to that at least despite the appointment of the joint representative, investors still themselves can exercise their rights. Enough investors to vote accordingly, can the possibility of individuals to assert of his claims persist despite the appointment of the joint representative. “Therefore, should all affected investors who are not ready-made solutions solar fobbed off Millennium AG want to, take the initiative, and accordingly vote representatives of they trust at the creditors meeting either directly or through a”, advises lawyer Krause. Lawyer Appelt concludes: “we are through our counter-motion to the choice of the joint representative and the circumcision Rights of our clients who represent our clients at the upcoming meeting of creditors with reprint rights and demand.” To grant to participate in the meeting of creditors it is necessary when the Bank, in which the notes are a so-called restriction”. This is done usually by the disposition order provided by the Bank, which must be sent in time signed to the Bank. A sale of the notes is not thus raised, vielmehrt the bond be revoked. In addition must an investor or its agent 12.05.2012 (incoming to the insolvency administrator) login at the latest and take the restriction to the appointment. Contact: Cape lawyers Krause Appelt Partnerschaft von rechtsanwalten Sonnenstrasse 19 D-80331 Munich phone: 0 89 – 41 61 72 75-0 fax: 0 89 – 41 61 72 75 – 9 E-mail:


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