German court confirms IT consultancy Softline’s StaRUG

German court confirms IT consultancy Softline’s StaRUG

The StaRUG process can be used to take public companies private in the context of impending insolvency and where there is no alternative investor, a German court has found, as it confirmed a plan for IT consultancy Softline that will wipe out all but one of its shareholders and preserve creditors’ rights.

Unlock unlimited access to all Global Restructuring Review content