99 IN 153/13•No creditor meeting required for subordinated hybrid-bond claims
99 IN 153/13Tribunal de Primeira Instância14 de nov. de 2013Direito da insolvênciaRejeitado
Extraído pela Omnilex
Applicants requested that the insolvency court convene a meeting of creditors holding the debtor's hybrid bond, issued on 5 May 2006 and 6 February 2007, and also sought related follow-on relief. The Bonn Local Court rejected the applications. It held that the statutory provisions governing the convening of bondholder meetings do not require a meeting where the bondholders' claims are subordinated under section 39(2) InsO and the bondholders have not been specially invited to file claims under section 174(3) InsO.
Section 18(2) and (3) SchVG 1899, now section 19(2) SchVG 2009; the insolvency court's duty to convene a meeting of bond creditors must be interpreted restrictively where the debtor is over-indebted. No duty to convene arises if the bondholders' claims are subordinated under section 39(2) InsO and the bondholders have not been specially requested to file their claims under section 174(3) InsO. In that setting, the statutory meeting mechanism does not require the court to convene bondholders whose subordinated claims are not subject to the special filing request contemplated by the Insolvency Code.
Entscheidungsdatum: 2013-11-14
Aktenzeichen: 99 IN 153/13
ECLI: ECLI:DE:AGBN:2013:1114.99IN153.13.00
Dokumenttyp: Beschluss
Spruchkörper: 99. Insolvenzverfahren
Normen: SchVG 1899 § 18; SchVG 2009 § 19; InsO §§ 39 Abs. 2, 174 Abs. 3
§ 18 Abs. 2, 3 SchVG 1899 (§19 Abs. 2 SchVG 2009) ist dahingehend teleologisch zu reduzieren bzw. einschränkend auszulegen, dass bei Überschuldung keine Pflicht des Insolvenzgerichts zur Einberufung einer Versammlung der Schuldverschreibungsgläubiger besteht, falls die Forderungen der Schuldverschreibungsgläubiger nachrangig gem. § 39 Abs. 2 InsO sind und die Gläubiger nicht besonders zur Anmeldung der Forderungen gem. § 174 Abs. 3 InsO aufgefordert worden sind.
Von der Einberufung einer Gläubigerversammlung der von der Schuldnerin am 05.05.2006/06.02.2007 begebenen sogenannten Hybrid-Anleihe wird abgesehen; der darauf gerichtete Antrag der Beteiligten - nebst den gestellten Folgeanträgen - wird zurückgewiesen.
Whether the insolvency court was required to convene a meeting of creditors holding the hybrid bond, and grant the related follow-on applications.
No meeting was required because the bondholders' claims were subordinated under section 39(2) InsO and they had not been specially invited to file claims under section 174(3) InsO.
The meeting-convening provisions of section 18(2) and (3) SchVG 1899, and section 19(2) SchVG 2009, must be read restrictively in this situation.
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