Sehr geehrte Kundinnen und Kunden,

nachdem die Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) am 15. März 2021 den Antrag auf Eröffnung des Insolvenzverfahrens über das Vermögen der Greensill Bank AG gestellt hat, wurde mit Beschluss des Amtsgericht Bremen am 16. März 2021 das Insolvenzverfahren über ihr Vermögen eröffnet und ein Insolvenzverwalter bestellt.

Da das Institut nicht mehr in der Lage war, sämtliche Einlagen seiner Kunden zurückzuzahlen, hat die BaFin am 16. März 2021 den Entschädigungsfall für die Greensill Bank AG festgestellt.

Die Einlagen der Kunden der Greensill Bank AG waren im Rahmen des Einlagensicherungsgesetzes geschützt. Das Institut gehört der Entschädigungseinrichtung deutscher Banken GmbH (EdB) an. Mit der Feststellung des Entschädigungsfalles durch die BaFin war die Voraussetzung gegeben, dass die Entschädigungseinrichtung die Ansprüche der Einleger prüft und bis zu einer Höhe von 100.000 Euro befriedigt – in besonderen Ausnahmefällen bis zu einer Höhe von 500.000 Euro.

Darüber hinaus war die Greensill Bank AG Mitglied des Einlagensicherungsfonds des Bundesverbands deutscher Banken e.V. Dieser Einlagensicherungsfonds übernimmt nach Maßgabe seines Statuts den Teil der Einlagen, der über die gesetzliche Grenze hinausgeht – und zwar bis zur jeweiligen Sicherungsgrenze.

Die Einleger wurden von den Entschädigungseinrichtungen unmittelbar unterrichtet und entschädigt.

Die Mitgliedschaft der Greensill Bank AG am Einlagensicherungsfond des Bundesverbandes deutscher Banken e.V. wurde zum 22. September 2021 beendet.

Weitere Informationen finden Sie hier:
BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht)
BdB (Bundesverband deutscher Banken)
EdB (Einlagensicherungsfonds)

 

UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF NEW YORK
In re
GREENSILL BANK AG,
Debtor in a Foreign Proceeding.

Chapter 15
Case No. 21-10757 (MEW)
Recognition Request Pending

NOTICE OF FILING AND HEARING ON VERIFIED PETITION FOR RECOGNITION OF FOREIGN PROCEEDING AND MOTION FOR ORDER GRANTING RELATED RELIEF

PLEASE TAKE NOTICE that on April 20, 2021, Dr. Michael C. Frege in his capacity as the court-appointed Insolvency Administrator and putative foreign representative (in such capacity, the “Petitioner”) of the above-captioned debtor (“Greensill Bank” or the “Debtor”) for the purposes of the German proceeding (defined herein) and this chapter 15 case, filed the Verified Petition for Recognition of Foreign Proceeding Under Chapter 15 and Motion for Order Granting Related Relief (together, the “Verified Petition”) with the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”).

PLEASE TAKE FURTHER NOTICE that the Verified Petition seeks, among other things, the entry of an order (i) recognizing Greensill Bank’s insolvency proceeding pursuant to
the German Insolvency Act, pending before the Bremen Local Court (Amtsgericht Bremen) (the “German Court”), Case No. 508 IN 6/21 (the “German Proceeding”) as a foreign main proceeding, (ii) recognizing the Petitioner as the foreign representative of Greensill Bank and (iii) granting related relief under chapter 15 of title 11 of the United States Code (the “Bankruptcy Code”).

PLEASE TAKE FURTHER NOTICE that the Bankruptcy Court has scheduled a hearing to consider the relief requested in the Verified Petition at 2:00 p.m. (prevailing Eastern Time) on May 17, 2021 (the “Recognition Hearing”) before the United States Bankruptcy Court for the Southern District of New York, 1 Bowling Green, New York, New York 10004. The Recognition Hearing shall take place by telephone conference on the Court Solutions platform pursuant to General Order M-543. Instructions for the Court Solutions platform are included in General Order M-543.

PLEASE TAKE FURTHER NOTICE that, at the Recognition Hearing, the Court may order the scheduling of a case management conference to consider the efficient administration of the case.

PLEASE TAKE FURTHER NOTICE that copies of the Verified Petition and all accompanying documentation are available to parties in interest through the Bankruptcy Court’s
Electronic Case Filing System, which can be accessed from the Bankruptcy Court’s website at http://www.nysb.uscourts/gov (a PACER login and password are required to retrieve a document) or upon written request to the Petitioner’s counsel (including by e-mail) addressed to:
Kobre & Kim LLP
800 Third Avenue
New York, New York 10022
Tel: (212) 488-1200
Attn: D. Farrington Yates (Farrington.Yates@kobrekim.com)
Victor S. Leung (Victor.Leung@kobrekim.com)

PLEASE TAKE FURTHER NOTICE that any party in interest wishing to submit a response or objection to the Verified Petition, or the relief requested therein, must do so in accordance with the Bankruptcy Code, the Federal Rules of Bankruptcy Procedure, and the Local Bankruptcy Rules for the Southern District of New York, setting forth in writing the basis thereof. Any such response or objection must be filed with the Bankruptcy Court no later than 4:00 p.m. (prevailing Eastern time) on May 10, 2021 (the “Objection Deadline”). Additionally, any response or objection must be served on the Petitioner at Kobre & Kim LLP (Attn: D. Farrington Yates, Victor S. Leung), 800 Third Avenue, New York, New York 10022 so as to be received by the Objection Deadline.

PLEASE TAKE FURTHER NOTICE that all parties in interest opposing the Verified
Petition, or the relief requested therein must appear at the Recognition Hearing at the time and place set forth above.

PLEASE TAKE FURTHER NOTICE that if no response or objection is timely filed and served, the Court may grant relief requested in the Verified Petition without further notice.

PLEASE TAKE FURTHER NOTICE that the Recognition Hearing may be adjourned from time to time without further notice other than an announcement in open court, or a notice of adjournment filed with the Bankruptcy Court, of the adjourned date or dates at the Recognition Hearing or any other further adjourned hearing.

Dated: April 21, 2021
New York, New York

Respectfully submitted,
KOBRE & KIM LLP
/s/ D. Farrington Yates
Victor S. Leung
800 Third Avenue
New York, New York 10022
Tel: (212) 488-1200
Farrington.Yates@kobrekim.com
Victor.Leung@kobrekim.com
Counsel for the Petitioner

 

Form 21             Notice of making of order under the Cross‑Border Insolvency Act 2008

(rule 15A.7)

IN THE FEDERAL COURT OF AUSTRALIA                       No. VID157/2021

GREENSILL BANK AG of Martinistrasse 48, 28195, Bremen, Germany

TO all the creditors of Greensill Bank AG

TAKE NOTICE that:

  1.           On 6 May 2021, the Federal Court of Australia made the following orders under the Act in relation to Greensill Bank AG:
    1. Pursuant to Art 17(1) of the Model Law, the Insolvenzverfahren commenced on 16 March 2021 (the Proceeding) is recognised as a foreign proceeding within the meaning of Art 2(a) of the Model Law.
    1. Pursuant to Art 17(2) of the Model Law, the Proceeding is recognised as a foreign main proceeding within the meaning of Art 2(b) of the Model Law.
    1. The plaintiff is recognised as foreign representative of the Proceeding within Art 2(d) of the Model Law.
    1. For the purposes of Art 20(2) of the Model Law, and s 16 of the Cross-Border Insolvency Act 2008 (Cth), the scope, and the modification or termination, of the stay and suspension referred to in Art 20(1) of the Model Law be the same as would apply if the stay or suspension arose under Part 5.4B of Chapter 5 of the Corporations Act 2001 (Cth) (Corporations Act), and as if Part 5.4B of the Corporations Act applied to the defendant.
    1. Pursuant to Art 21 of the Model Law:
      1. the administration, realisation and distribution of all the defendant’s assets located in Australia is entrusted to the plaintiff; and
      1. the plaintiff may examine witnesses, take evidence or require the delivery of information concerning the defendant’s affairs, rights, obligations or liabilities as if he were a liquidator appointed to the defendant under Part 5.4B of the Corporations Act.
    1. The requirements of r 15A.7 of the Federal Court (Corporations) Rules 2000 (Cth) (Rules) be dispensed with and in lieu thereof the plaintiff, within 10 business days of the making of these Orders:
      1. publish notice in the form of Form 21 in The Australian and Australian Financial Review newspapers;
      1. publish notice in the form of Form 21 on the defendant’s website;
      1. give notice of the making of these Orders in the form of Form 21 by email to each person for whom the defendant has a valid email address who is:
        1. to the knowledge of the defendant a creditor of the defendant or claims to be a creditor of the defendant; and
        1. either:

(A) is domiciled in Australia; or

(B) has a claim to be a creditor arising from dealing with the defendant in Australia.

  1. The plaintiff’s address for service is c/- MinterEllison, Level 20, Collins Arch, 447 Collins Street, Melbourne, Australia, 3000 (attn:  Brendon Watkins (brendon.watkins@minterellison.com) and Elizabeth Yick (elizabeth.yick@minterellison.com).
  2. The name and address of the foreign representative is Dr Michael Frege, CMS Hasche Sigle Insolvenzberatung und -verwaltung Partnerschaft von Rechtsanwälten und Steuerberatern mbB, Breitenweg 3a, 28195 Bremen, Central Office: Stadthausbrücke 1-3, 20355 Hamburg.
  3. The name and address of the person entrusted with distribution of the company’s assets is Dr Charlotte Schildt, CMS Hasche Sigle Insolvenzberatung und -verwaltung Partnerschaft von Rechtsanwälten und Steuerberatern mbB, Neue Mainzer Strasse 2-4 in 60311 Frankfurt/Main, Germany.

Date: 10 May 2021

Name of plaintiff’s legal practitioner: MinterEllison