Mission Accomplished

• Posted by jbehrendt on August 31, 2009
• 5 comments

The last weeks I spent relaxing in my nice summer house close to the beaches of the Datca Peninsula. The only interruption to continous sunbathing, swimming, eating and drinking was the still ongoing restructuring project in Germany. As you know from my last post, we had finished all documentation... [More]

Worker's Rights

• Posted by jbehrendt on July 5, 2009
• 9 comments

Some of you may be aware of the extensive rights employees enjoy in Germany. These rights do not only apply to their individual rights as specified in their working contract, and in collective labour agreements between unions and employer's associations, but cover a range of rights regarding w... [More]

Investor's Interests

• Posted by jbehrendt on June 29, 2009
• 4 comments

The last weeks passed pretty fast. After having informed the supervisory board about the intended carve-outs, the project office is bombed with requests for reviewing certain carve-out documents, with answering special questions the project team never thought about, and with requests for additiona... [More]

The Pressure Increases

• Posted by jbehrendt on June 11, 2009
• 3 comments

You remember from my last posting that both the board and the supervisory board approved the project to go ahead, and to bring it to the final decision stage, which in this case means both a formal approval by several supervisory boards, and by general assembly meetings of both companies planning ... [More]

The Train Starts Moving

• Posted by jbehrendt on May 20, 2009
• 25 comments

You have read that last week was decision time, that the board gave permission to continue with the project, to inform the participants of the relevant institutions about the project, and about the need to approve the changes we are suggesting. Today, only one week after the board meeting, the rel... [More]

Decision Time

• Posted by jbehrendt on May 14, 2009
• 7 comments

The long-expected board meeting for approving the detailed carve-out concept took place this week. Results of more than one year of work were compressed into a short presentation of 50 slides, to be presented in 2 hours by eight members of the project team – but even this compressed version ... [More]

Shareholder Interests

• Posted by jbehrendt on April 27, 2009
• 11 comments

After having completed nearly all workstreams in order to be in time for the April (now rather beginning of May) board decision, one of the most relevant tasks remain open - the creation of the new articles of association, and the the carve-out contracts for the parent companies. Since both carve-... [More]