Provisional insolvency administrator appointed for Green City AG

By order of 26.01.2022, the Local Court of Munich ordered the provisional insolvency administration of the assets of Green City Aktiengesellschaft and appointed attorney at law Mr. Axel Bierbach as provisional insolvency administrator. Dispositions of the debtor are in accordance with ยง 21 para. 2 P. 1 No. 2 Alt. 2 InsO only effective with the consent of the provisional insolvency administrator. Attorney at law Mr. Bierbach will first get an overview of the situation, secure the debtor’s assets and examine all possibilities to continue the company and thus preserve the company values.