P+P advised the insolvency trustee of Technische Glaswerke Ilmenau

The Czech company Kavalier has acquired the insolvent Technische Glaswerke Ilmenau GmbH (TGI). A respective purchase contract was notarized upon approval by TGI's committee of creditors on October 23, 2014.

Shortly before, on October 15, 2014, a contract was concluded on the sale of the business unit 'Technical Sight Glass' ("Technische Schaugläser") to the company Auer Lighting GmbH in Bad Gandersheim. TGI has been involved in insolvency proceedings since May 9, 2014 under the direction of the insolvency trustee and attorney Klaus Siemon.

The following P+P professionals advised the insolvency trustee on the transactions with regard to all related legal and tax matters:

• Katharina Reuther (lead counsel, M&A)
• Dr. Georg Greitemann (partner, M&A)
• Dr. Margot von Westerholt (of counsel, IP/IT)
• Pia Dorfmueller (partner, tax)
• Sören Reckwardt (counsel, tax)
• Raphael Söhlke (counsel, real estate)
• Dr. Matthias Werner (associate, real estate)
• Markus Hassa (associate, tax).