Published on November 20, 2024 at 07:21. / Modified on November 20, 2024 at 11:05.
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PrimeEnergy Cleantech has been officially bankrupt since November 18.
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The real estate held by PrimeEnergy Cleantech is mortgaged to the tune of 28 million.
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In the long term, the creditors hope to force the shareholder to compensate them from his personal assets.
PrimeEnergy Cleantech having been officially declared bankrupt on November 18, its numerous creditors in French-speaking Switzerland are working to try to recover their money. In this case, the worst scenario involves losses of around a hundred million francs, to the detriment of some 2,000 investors. While criminal complaints have been filed in Basel-Landschaft, Vaud and Geneva, creditors will have to deal with the particularities of this case.
“In the event of bankruptcy, the responsibilities of the board of directors and managers will be analyzed by the judge and the Office of Prosecutions and Bankruptcy, the shareholders may also be summoned. This will obviously result in bankruptcy with ordinary liquidation in a complex case like this. The office will be responsible for liquidating the assets,” summarizes Christopher Cuche, boss of trustee Russell Bedford in Geneva.
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