natgillin/translations-raw huggingface dataset:
Som følge af papirmarkedets sammenbrud i Samfundet af Uafhængige Stater (SNG) resulterede denne investering i tab på ca. 50 mio. EUR. Andre investeringer inden for distributionsvirksomhed i Portugal, Frankrig og Østrig mislykkedes ligeledes og resulterede i yderligere tab på mellem 10 og 15 mio. EUR. Det samlede resultat af alle de fejlslagne investeringer på tab er på i alt ca. 175-180 mio. EUR. Det understreges, at Herlitz-gruppens kerneaktiviteter i hele denne periode opnåede positive resultater, der dog ikke var tilstrækkelige til at dække tabene på grund af de fejlslagne investeringer.
However, due to the collapse of the paper market in the Commonwealth of Independent States, the investment led to losses of about EUR 50 million. Further investments in western Europe such as the distribution businesses in Portugal, France and Austria were unsuccessful and resulted in losses of some EUR 10 to 15 million. The total loss from all the failed investments thus amounts to about EUR 175 to 180 million. It is worth noting that throughout this period the core business of the Herlitz Group was still producing positive results, although not enough to cover the losses from the other investments.
De økonomiske foranstaltninger
The financial measures
»De gamle foranstaltninger«
The ‘old’ measures
I 1989 tilbød delstaten Berlin via Liegenschaftsfonds Berlin GmbH & Co. KG (Liegenschaftsfonds) Herlitz AG, at selskabet kunne benytte et areal i det tidligere industriområde Borsig i Berlin-Tegel.
In 1989, the Land of Berlin, through Liegenschaftsfonds Berlin GmbH & Co. KG (Liegenschaftsfonds), offered Herlitz AG the use of real estate in Berlin-Tegel on the former industrial premises of Borsig.
Liegenschaftsfonds er et selskab, der administrerer delstaten Berlins faste ejendomme.
Liegenschaftsfonds is a fully owned company of the Land of Berlin entrusted with the administration of State-owned real estate properties.
Herlitz-gruppen erhvervede brugsret til arealet i Tegel og skulle betale leje herfor indtil den 30. april 2053.
The Land of Berlin remained the owner of the real estate but granted an emphyteutic lease (Erbbaurecht) on the land to the Herlitz Group, which undertook to pay a ground rent (Erbbauzinsen) to the Land of Berlin until 30 April 2053.
Lejen svarede til 3 % af grundværdien, der kunne svinge i kontraktens løbetid.
The ground rent amounted to 3 % of the value of the land, which could vary throughout the duration of the contract.
Gruppen opførte i Tegel administrationsbygninger med produktionsanlæg, der svarede til dens behov.
The Herlitz Group built an office building and a production plant designed to meet the group’s needs on the Berlin-Tegel site.
De bygninger, der blev opført på den forpagtede grund, var gruppens ejendom. Ved salget heraf til GGB blev brugsretten til grunden dermed overdraget.
The buildings erected on the leased land were the property of the Herlitz Group and when they were sold to GGB, the emphyteusis on the land was transferred with them.
Kontrakten mellem Liegenschaftsfonds og Herlitz-gruppen indeholdt en klausul om, at lejen skulle forhøjes fra 3 % til 7,5 %, hvis grunden blev benyttet til et andet formål i strid med ejers interesse.
The contract between the Liegenschaftsfonds and the Herlitz Group contained a clause for increasing the ground rent from 3 to 7,5 % in the event that the use of the land changed and if the new form of use were against the interests of the owner. Nevertheless, when the Herlitz Group sold the emphyteusis on the Berlin-Tegel property to GGB, the Liegenschaftsfonds did not increase the ground rent.
Efter at brugsretten til grunden i Berlin-Tegel var overdraget til GGB, forhøjede Liegenschaftsfonds imidlertid ikke lejen, og denne blev som aftalt indtil marts 2002 betalt af gruppen og fra [8] oktober 2002 betalt af GGB.
The ground rent was paid as agreed by the Herlitz Group until March 2002 and by GGB as of [8] October 2002.
I 1989 havde delstaten Berlin bevilget Herlitz AG et usikret lån på 6 mio. DEM (3,07 mio. EUR) for at flytte sine produktionsanlæg i Moabit og Spandau til Tegel (i det følgende »flyttelån«).
Moreover, in 1989 Herlitz AG received an unsecured and interest-free loan of EUR 3,07 million (DEM 6 million) for 10 years from the Land of Berlin linked to the transfer of its plants from Berlin-Moabit and Berlin-Spandau to the Berlin-Tegel site (hereinafter referred to as the loan for the move) (Umzugsdarlehen).
Den 17. november 1999 blev tilbagebetalingen af flyttelånet kort før tilbagebetalingsfristen udløb udsat til 31. december 2004.
On 17 November 1999, shortly before the deadline for the repayment of the loan for the move, the Land of Berlin deferred the repayment of the loan until 31 December 2004.
Til gengæld opkrævede delstaten en rente svarende til Den Europæiske Centralbanks basisrente med tillæg af 2 %.
In return for the deferral the Land of Berlin applied an interest rate on the loan amounting to the base rate of the European Central Bank plus 2 %.
Som sikkerhed undertegnede Herlitz AG den 23. november 1999 en notarielt bekræftet skyldnererklæring til fordel for delstaten Berlin på 7,185 mio. DEM (3,67 mio. EUR) svarende til det oprindelige beløb for flyttelånet med tillæg af det forventede beløb for de kumulerede renter på 1,185 mio. DEM (0,606 mio. EUR).
As security, on 23 November 1999, Herlitz AG signed a notarial deed containing an acknowledgment of debt in favour of the Land of Berlin for the amount of EUR 3,67 million (DEM 7,185 million) which equals the original amount of the loan for the move plus the expected amount of the cumulated interest, EUR 0,606 million (DEM 1,185 million).
I samme dokument blev der givet pant i grunden i Berlin-Tegel for et beløb svarende til den påløbne leje for Herlitz AG's brugsret.
Furthermore, the notarial deed established a land charge (Grundschuld) only for the amount of the cumulated interest, on the emphyteusis that Herlitz AG enjoyed on the land in Berlin-Tegel.
Denne panteret var dog efterstillet den panteret, der for tilsvarende brugsrettigheder var registreret for banker.
Nevertheless, this land charge was lower-ranking to the land charge registered for banks on the same emphyteusis right.
Hverken indrømmelsen af flyttelånet i 1989 eller betalingsudsættelsen i 1999 var omfattet af nogen støtteordning. Ingen af foranstaltningerne var anmeldt til Kommissionen.
Neither the granting of the loan for the move in 1989 nor its deferral in 1999 are covered by an aid scheme and neither measure was notified to the Commission.
Redningslån
The rescue aid loan
Ved en kontrakt, der blev undertegnet den 10. maj 2002 sammen med kurator, indrømmede ILB Herlitz PBS AG et lån på 930232 EUR (i det følgende »redningslånet«).
By contract of 10 May 2002 between the insolvency administrator of Herlitz PBS AG and ILB, the bank granted Herlitz PBS AG a loan amounting to some EUR 930232 (hereinafter referred to as the rescue aid loan).
Ved brev af 29. maj 2002 blev dette lån forhøjet til 963855,42 EUR.
By letter dated 29 May 2002 this amount was increased to EUR 963855,42.
Formålet med redningslånet var at opfylde købsaftalen imellem Herlitz PBS AG og FOP.
The rescue aid loan was intended to ensure the fulfilment of a sales contract between Herlitz PBS AG and FOP.
FOP havde leveret varer til Herlitz PBS AG, men havde ikke modtaget nogen betaling, og virksomheden var derfor i fare for at få likviditetsproblemer.
FOP had delivered goods to Herlitz PBS AG but received no payment, which threatened its liquidity.
Redningslånet blev ydet til 7,5 % p.a. og skulle tilbagebetales seks måneder efter udbetalingen.
The rescue aid loan was granted at an annual interest rate of 7,5 % and had to be reimbursed within six months after its disbursement.
Det blev udbetalt 24. juli 2002 og var sikret ved overdragelse af visse krav til en værdi af 2,5 mio. EUR, som FOB havde, samt ved en registreret panteret på 13549234,85 EUR. Lånet blev fuldstændig tilbagebetalt med renter til ILB den 24. januar 2003.
The full amount of the loan was disbursed on 24 July 2002. The loan was secured by assignment of claims (Abtretung der Rückgewährungsansprüche) of FOP amounting to EUR 2,5 million as well as land charges (auf dem Betriebsgrundstück eingetragene Grundschulden) amounting to EUR 13549234,85 on the real estate of FOP. The loan was fully repaid with interest to ILB on 24 January 2003.
Omstrukturering ved hjælp af insolvensplaner
Restructuring through insolvency plans (Insolvenzpläne)
Insolvensplanerne
General description of the insolvency plans
Tyskland har fremlagt to insolvensplaner, en for Herlitz PBS AG og en for Herlitz AG, dateret 15. juli 2002.
Germany has provided two parallel insolvency plans: one for Herlitz PBS AG and another for Herlitz AG, both dated 15 July 2002.
Der er tale om Herlitz-gruppens saneringsplaner (kapitaltilførselsplaner).
These insolvency plans are the restructuring or rather the recapitalisation plans (Sanierungspläne) of the Herlitz Group.
Planerne omfatter bl.a. kapacitetsreduktion, ejendomssalg, nedlukning af urentable datterselskaber, nedbringelse af driftsunderskud, foranstaltninger til omkostningsreduktion og driftsoptimering og søgen efter en strategisk partner.
The plans provide for the reduction of capacities, the hive-off of company property, the closing of unprofitable subsidiaries, the reduction of negative operating results, measures to reduce costs and optimise distribution and the search for a strategic partner.
Det indgår endvidere i planerne, at virksomhedens gæld skal nedbringes ved, at der delvis eller helt gives afkald på ikke-sikret gæld og ved bidrag fra arbejdstagerne.
In addition, the plans aim to reduce both companies’ pending debts through partial and full waivers of non-secured debts and a contribution from the workforce.
Begge insolvensplaner var baseret på sanering gennem videreførelse af virksomhedens aktiviteter i overensstemmelse med insolvensbestemmelserne i den tyske lovgivning [9].
Both insolvency plans applied the methodology of maintaining the going concern through an insolvency plan (Sanierung durch Insolvenzplan), in accordance with the German Insolvency Statute [9].
Denne lovgivning, der har været gældende siden 1. januar 1999, giver mulighed for at redde en virksomhed ved at bevare ledelsen og fyldestgøre kreditorerne ved hjælp af de indtægter, der indkommer efter insolvensprocedurens afslutning.
The Insolvency Statute, in force since 1 January 1999, provides for the option of rescuing a company by keeping the existing management and satisfying the creditors from the income created after the insolvency proceedings have been terminated.
I procedurerne mod Herlitz AG og Herlitz PBS AG forekom denne løsning at være den bedst egnede for at fyldestgøre kreditorerne.
In the Herlitz AG and Herlitz PBS AG proceedings, this appeared to be the solution best suited to satisfying the creditors.
Derfor undlod kurator og kreditorerne at gøre brug af muligheden for enten at sælge hele virksomheden eller likvidere virksomheden gennem salg af de enkelte aktiver (opsplitning).
Accordingly, the insolvency administrator and the creditors rejected the options of selling the entire company (übertragende Sanierung) or liquidating the company and selling assets separately (Zerschlagung).
Selv om begge planer er baseret på samme metode, stræbte man efter forskellige løsninger, da Herlitz PBS AG og Herlitz AG ikke havde samme formuestruktur.
The two plans have a similar methodology but apply different solutions, due to the different asset structure of Herlitz PBS AG and Herlitz AG.
Omstruktureringen af Herlitz AG på grundlag af insolvensplanen blev gjort betinget af, at planen for Herlitz PBS AG blev gennemført.
However, the restructuring through the insolvency plan of Herlitz AG was conditional upon the fulfilment of the insolvency plan for Herlitz PBS AG.
I begge planer blev hver virksomheds kreditorer inddelt i grupper med sammenlignelige krav.
Both plans divided the creditors of each company into groups that were supposed to contain creditors with comparable claims.
Ifølge § 222 i den tyske insolvenslov kan tre typer kreditorer deltage i en insolvensprocedure:
According to Article 222 of the Insolvency Statute, there are three types of creditors that take part in insolvency proceedings:
kreditorer med separatiststilling, hvis deres rettigheder forringes på grund af planen
the creditors entitled to separate satisfaction if their rights are encroached upon by the plan;
de almindelige kreditorer
the non-lower-ranking creditors;
efterstillede kreditorer, der ikke har givet afkald på deres krav.
lower-ranking creditors unless their claims are deemed to be waived.
Der foretages en yderligere inddeling i grupper af kreditorer med samme rettigheder.
These are further divided into groups of creditors with equal rights.
Efter inddelingen i grupper kan der ikke gennemføres noget individuelt forlig, hvor der gøres forskel mellem dele inden for samme kreditorgruppe.
Once groups have been created, no individual settlements can take place that would differentiate between parts of each creditor group.
I insolvensprocedurerne mod Herlitz AG og Herlitz PBS AG fik separatisterne fyldestgjort deres krav.
In the insolvency proceedings of both Herlitz AG and Herlitz PBS AG, creditors with a right to separate satisfaction participated, but their claims were satisfied to the extent that they were covered by such a right.
Tyskland fremførte, at samtlige masseomkostninger og massekrav var blevet fuldstændigt betalt under procedurerne mod Herlitz AG og Herlitz PBS AG.
Germany submitted that in the insolvency proceedings of Herlitz AG and Herlitz PBS AG all insolvency costs (Massekosten) and debts of the insolvency assets (Masseverbindlichkeiten) were paid in full.
En del af disse krav vedrørte omsætningsafgift.
A part of these claims were public sales tax claims (Umsatzsteuer).
I insolvensprocedurer mod en virksomhed, der videreføres, er fyldestgørelse af disse prioriterede krav en forudsætning for, at proceduren afsluttes succesrigt.
In insolvency proceedings of the going-concern type, the payment of all these privileged claims is a precondition for the successful closure of the procedure.
Massekravene blev straks betalt, så snart de opstod, og der blev ikke opstillet nogen særskilt liste for dem.
The debts of the insolvency assets were paid immediately as they arose and no separate list of these claims was made.
Der blev imidlertid opstillet hypotetiske lister over masseomkostninger og massekrav for at få et overblik over resultatet af likvidationen og salget af aktiverne.
Only hypothetical lists of insolvency costs and debts of the insolvency assets were prepared to illustrate the possible outcomes of liquidation and asset sale procedures.
Kreditorgrupper i insolvensplanen for Herlitz AG
Creditor groups in the insolvency plan for Herlitz AG
Under insolvensproceduren mod Herlitz AG blev insolvenskravene opdelt på følgende måde:
In the insolvency proceedings for Herlitz AG, the classification of the insolvency claims was as follows:
Kreditorer med separatiststilling: Der blev ikke oprettet en sådan gruppe for disse kreditorer.
creditors entitled to separate satisfaction: no formal group of these creditors was drawn up.
En ret til særlig fyldestgørelse sikrede dog alle Hypovereinsbank og Eurohypos krav [10], men kun en del af de krav, som Gruppe HAG 1 havde.
Nevertheless, a right to separate satisfaction secured the full claims of the mortgage banks Hypovereinsbank and Eurohypo [10], but only a part of the claims of group HAG 1 below;
Masseomkostninger og massekrav: Der blev ikke oprettet en formel gruppe for disse kreditorer, krav blev betalt fuldt ud, når de opstod.
insolvency costs and debts of the insolvency assets: no formal group of these creditors was drawn up and these claims were paid in full as soon as they arose;
Almindelige kreditorer:
non-lower-ranking creditors:
Gruppe HAG 1: bankgruppe, der for en del af sine fordringer havde ret til særskilt fyldestgørelse i Herlitz AG’s løsøre og aktier
group HAG 1: group of banks with a right to separate satisfaction on part of their claims from the movable property and shareholdings of Herlitz AG,
Gruppe HAG 2: øvrige almindelige kreditorer, der ikke hører under Gruppe HAG 1
group HAG 2: other non-lower-ranking creditors not belonging to group HAG 1,
Gruppe HAG 3: skattemyndigheden i Berlin
group HAG 3: tax authority of Berlin,
Gruppe HAG 4: forbundne virksomheder.
group HAG 4: connected undertakings;
Efterstillede kreditorer:
lower-ranking creditors:
Gruppe HAG 5: Renter, omkostninger, bøder osv.
group HAG 5: interests, costs, fines etc.
De efterstillede krav i HAG 5 blev i overensstemmelse med § 225 i den tyske lov om insolvens slettet af insolvensplanen.
The lower-ranking claims in group HAG 5 were cancelled by the insolvency plan in accordance with Article 225 of the Insolvency Statute.
De ikke-efterstillede grupper HAG 3 og HAG 4 gav afkald på deres krav med virkning fra 15. juli 2002 [11].
The non-lower-ranking groups HAG 3 and HAG 4 waived all their claims with effect from 15 July 2002 [11].
Nedenstående oversigt viser de krav og de beløb, som kreditorerne gav afkald på (afrundet):
The claims and the amounts waived by creditors are set out in rounded figures in the following table:
Beskrivelse af krav
Description of claim
Sikkerhed
Security of claim
Krav i mio. EUR
Claims in EUR million
Afkald på krav (mio. EUR)
Waived claims in EUR million
Banker med separatiststilling (offentlige og private)
Banks with right to separate satisfaction (public and private)
Lån inden 3. april 2002
Credits dating from before 3 April 2002
Forlodsret til fyldestgørelse i løsøre
Right to separate satisfaction from movables
[op til 135] *
[up to 135] *
Tidligere direktioner og arbejdstagere (privat)
Former management and employees (private)
Fremtidige pensionskrav, lønninger inden 3. april 2002, fratrædelsesordninger
Future pension claims, salary for the period before 3 April 2002, redundancy payment
Udlejer af ejendom i Spandau (privat)
Lessor of grounds at Spandau (private)
Leje, skadeserstatning på grund af kontraktopsigelse
Rent, damages for termination of contract
Leverandører (private)
Suppliers (private)
Leverancer og ydelser inden 3. april 2002; kontraktlige skadeserstatningskrav osv.
Claims from supplies and services before 3 April 2002, damages for termination of contract
Pensionssikring (offentlig)
Mutual Insurance Association (public)
Fremtidige pensionskrav
Future pension claims
Bundesanstalt für Arbeit (offentlig)
Federal Employment Agency (public)
Tilbagebetalingskrav vedrørende ydelser, der er udbetalt til arbejdstagerne under insolvensproceduren (1. januar 2002-4. juni 2002)
Claim for compensation of the insolvency benefit paid to employees (1 January 2002 to 4 June 2002)
Sygekasser (offentlig)
Health Insurance Funds (public)
Bidrag for perioden 5. marts 2002-4. juni 2002
Contributions for the period (5 March 2002 to 4 June 2002)
Skattemyndighed Alfeld (offentlig)
Tax authority of Alfeld (public)
Afgifter ved salg af fast ejendom inden 2002
Tax on the sale of real estate from the sale of an ownership share before 2002
Liegenschafts-fonds (offentlig)
Liegenschaftsfonds (public)
Krav på lejeafgift for Berlin-Spandau
Rent interest for Berlin-Spandau
Afkald på krav i gruppe HAG 2: En dividende på 0,5 mio. EUR blev udbetalt i forhold til kravenes omfang; der blev givet afkald på den resterende del
Overall waivers in group HAG 2: EUR 0,5 million quota was distributed according to the size of the claims, and the remaining part of the claims was waived
Skattemyndighed Berlin (offentlig)
Tax authority of Berlin (public)
Indkomstskat og omsætningsafgift for perioden indtil 5. juni 2002
Trade tax, corporate income tax and sales tax for the period ending 5 June 2002
Afkald på krav i gruppe HAG 3: Der blev givet afkald på 100 % af kravene
Overall waivers in group HAG 3: 100 % of the claims was waived
Forbundne virksomheder (privat)
Connected undertakings (private)
Samtlige krav mod Herlitz AG
All claims against Herlitz AG
Efterstillede kreditorer (privat eller offentlig)
Lower-ranking creditors (private or public)
Renter, omkostninger, afgifter osv.
Interests, costs, fines etc.
Ikke meddelt
Not specified
Kreditorgrupper i insolvensplanen for Herlitz PBS AG
Creditor groups in the insolvency plan for Herlitz PBS AG
Kreditorerne i insolvensproceduren mod Herlitz PBS AG blev inddelt på følgende måde:
The classification of the creditors in the insolvency proceedings for Herlitz PBS AG was as follows:
Kreditorer med separatiststilling:
creditors entitled to separate satisfaction:
Gruppe PBS 1: Som følge af separatiststilling fik en række leverandører fyldestgjort alle deres krav.
group PBS 1: a right to separate satisfaction secured the full claims of certain suppliers,
Gruppe PBS 6: Banker med forlodsret med hensyn til dele af deres krav, Hypovereinsbank og Eurohypo havde ligeledes forlodsret, men blev ikke medtaget i Gruppe PBS 6.
group PBS 6: banks with right to separate satisfaction on part of their claims. The mortgage banks Hypovereinsbank and Eurohypo had also rights to separate satisfaction but were not included in group PBS 6;
Gruppe PBS 2: ansatte
group PBS 2: employees
Gruppe PBS 3: en række offentlige kreditorer, f.eks. skattemyndigheder, Bundesanstalt für Arbeit, sygekasser, delstaten Berlin
group PBS 3: some of the public creditors such as tax authorities, Federal Employment Agency, Health Insurance Funds (Krankenkassen), Land of Berlin
Gruppe PBS 4: forbundne virksomheder
group PBS 4: connected undertakings
Gruppe PBS 5: andre almindelige kreditorer som f.eks. tidligere direktioner og arbejdstagere, fagforeninger, pensionsforeninger, private leasingbanker, det østrigske postvæsen, hovedtoldkontor osv.
group PBS 5: other non-lower-ranking creditors such as former management and executive employees, the Employer’s Liability Insurance Association (Berufsgenossenschaft), the Mutual Insurance Association (Pensionssicherungsverein), private leasing banks, Austrian Post, Main Customs Office etc.;
Gruppe PBS 7: renter, omkostninger, afgifter osv.
group PBS 7: interests, costs, fines etc.
De efterstillede krav i gruppe PBS 7 blev i henhold til § 225 i den tyske insolvenslov slettet af insolvensplanen.
The lower-ranking claims in group PBS 7 were cancelled by the insolvency plan in accordance with Article 225 of the Insolvency Statute.
De almindelige kreditorer i gruppe PBS 3 og PBS 4 gav afkald på deres krav med virkning fra den 15. juli 2002.
The non-lower-ranking groups PBS 3 and PBS 4 waived all their claims with effect from 15 July 2002.
Nedenstående oversigt viser de ikke-efterstillede krav og de beløb, som kreditorerne gav afkald på (afrundede tal):
The non-lower-ranking claims and the amounts waived by creditors are set out in rounded figures in the following table:
Leverandører med separatiststilling (privat)
Suppliers with right to separate satisfaction (private)
Krav som følge af leverancer og tjenesteydelser inden 3. april 2002
Claims from supplies and services before 3 April 2002
Arbejdstagere (private)
Employees (private)
Fremtidige lønninger
Future salary claims
[2-4] * i 2002 [4-5] */år fra 2003
[2 to 4] * in 2002 [4 to 5] */year from 2003
Indkomstskat marts 2002
Corporate income tax March 2002
Grundskat januar-marts 2002
Real estate tax for the period January-March 2002
Afgift ved erhvervelse af ejendom 1996
Real estate tax for 1996
Tilbagebetalingskrav vedrørende ydelser, der er udbetalt til arbejdstagerne under insolvensproceduren (1. april 2002-4. juni 2002)
Claim for compensation of the insolvency benefit paid to employees (1 April 2002 to 4 June 2002)
Bidrag for perioden 5. marts 2002-4. juni 2002
Contributions for the period 5 March 2002 to 4 June 2002
Leje april-juni 2002
Ground rent for the period April to June 2002
Efterstillet pant
Lower-ranking land charge
Delstaten Berlin (offentlig)
Land of Berlin (public)
Krav på tilbagebetaling af flyttelån
Claim for repayment of loan for the move
Samlet afkald på krav i gruppe PBS 3: 100 %
Overall waivers in group PBS 3: 100 % of the claims was waived
Alle resterende krav fra forbundne virksomheder i Herlitz-gruppen
All remaining claims from connected undertakings in the Herlitz Group
Tidligere direktioner/ledende ansatte (private) [14]
Former management and executive employees (private) [14]