ReSolve obtains a novel Order in cross-border appointment
ReSolve was appointed to realise the German assets of Karen Millen Deutschland GmbH (the Company) after the Karen Millen brand and certain assets in the UK were acquired by online retailer Boohoo.
This appointment, on 11th September 2019, came as a result of a German court ruling that an English administrator should be appointed, as the Company’s centre of main interests were deemed to be in England and Wales where its board was located.
ReSolve recognised the need for a local administrator and applied to have one appointed, under the secondary proceedings. A secondary German administrator was accordingly appointed by the German courts in order to deal with German creditors.