SCHIRP & Partner Rechtsanwälte mbB – EN - Kontakt
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Contact us

We’re there for you and look for­ward to your mes­sage. This is how you can reach us:

Tele­fon: +49 (0)30 – 327 617 0

E-​Mail: mail@​ssma.​de

All con­tact information

REGISTER YOUR CLAIMS IN THE INSOLVENCY PROCEEDINGS NOW!

Please ac­know­ledge, that we do not take any new man­dates in this case.

On June 25, 2020, WIR­E­CARD AG filed an ap­plic­a­tion for the open­ing of in­solv­ency pro­ceed­ings at the com­pet­ent dis­trict court in Mu­nich due to im­min­ent in­solv­ency and over-​indebtedness. As a res­ult, the price of the WIR­E­CARD share al­most com­pletely col­lapsed. In the mean­time, the share is no longer trad­able on the mar­ket. Against the back­ground of the open­ing of in­solv­ency pro­ceed­ings, a claim against WIR­E­CARD AG is no longer leg­ally pos­sible. Claims against WIR­E­CARD AG are to be filed within the frame­work of the in­solv­ency pro­ceed­ings. Ori­gin­ally, the in­solv­ency ad­min­is­trator had set a dead­line of Oc­to­ber 26, 2020 for fil­ing claims for dam­ages in the in­solv­ency pro­ceed­ings. How­ever, as the in­vest­ig­a­tion pro­ceed­ings are still on­go­ing, claims can still be filed in the in­solv­ency pro­ceed­ings without any problems.

The in­vestors of WIR­E­CARD AG (shares/​derivatives) are in prin­ciple not cred­it­ors in the in­solv­ency pro­ceed­ings of their own AG. But: The in­vestors are en­titled to claims for dam­ages against WIR­E­CARD AG due to the many years of bal­ance sheet ma­nip­u­la­tion of which the Man­age­ment Board and the Su­per­vis­ory Board of WIR­E­CARD AG are ac­cused. And with these claims for dam­ages, the in­vestors are cred­it­ors in the pro­ceed­ings of WIR­E­CARD AG.

We are of the opin­ion that it is worth­while to file one’s claim in the in­solv­ency pro­ceed­ings of WIR­E­CARD AG. Des­pite the high level of over-​indebtedness of WIR­E­CARD AG, we are con­vinced that at least a pro­por­tional pay­ment from the in­solv­ency es­tate can be expected.

You can file your claims in the in­solv­ency pro­ceed­ings of WIR­E­CARD AG your­self and do not need a law­yer for this. How­ever, since the fil­ing must be sub­stan­ti­ated in a man­ner sim­ilar to a state­ment of claim, we re­com­mend that you have the fil­ing done by a lawyer.

LEGAL ACTION AGAINST EY

A law­suit against EY is also pos­sible and sens­ible des­pite the ini­ti­ated KapMuG pro­ceed­ings, as oth­er­wise there is a risk of a con­sid­er­able loss of time. If you would like to have your claims for dam­ages ex­amined free of charge and are also in­ter­ested in tak­ing legal ac­tion against EY, you can find more in­form­a­tion here.

APPLICATION FOR MODEL PROCEEDINGS UNDER KAPMUG

The Mu­nich Re­gional Court has ini­ti­ated KapMuG (Cap­ital In­vestor Model Pro­ceed­ings) pro­ceed­ings in the Wir­e­card case. In this type of pro­ceed­ing, all claims against EY for dam­ages in con­nec­tion with the Wir­e­card in­solv­ency are to be bundled. Fur­ther in­form­a­tion on this can be found here.

How to reach us

Schirp & Part­ner Recht­san­wälte mbB
Leipzi­ger Platz 9
10117 Ber­lin, Germany

Phone: +49 (0)30 – 327 617 0
Fax: +49 (0)30 – 327 617 17
E-​Mail: mail@​ssma.​de

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Please take note that we can not answer consultatively here. If you happen to request that anyways, you may give us full power of attorney. For that, simply download this form, sign it and return it to us.

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