Engagement in der Abwicklung

10:36 May 24, 2015 

If "die Gesellschaft" were a bank, then "Abwicklung" would be "resolution" in standard banking-speak, and "Engagement" would of course be "exposure". But in the scenario you describe, I suspect that the "Engagement in der Abwicklung" (what a weird phrase - what was the author taking at the time?) is probably nothing more than a bog standard "loan workout", i.e. interest payments were suspended in the reporting period because the loan has been assigned to the bank's workout department.

10:21 May 24, 2015 

is a wholly-owned subsidiary of Z AG and is not a bank.

"Die Gesellschaft wird in Personalunion durch die Z AG geführt, übte aber im Berichtsjahr keine Geschäftstätigkeit aus."

10:12 May 24, 2015 

I hadn't originally considered that "die Gesellschaft" might not be a plain vanilla corporate. Based on your comment of a "corporate group structure" being involved, is "die Gesellschaft" also a bank or other financial institution, and is it "in Abwicklung"?

10:03 May 24, 2015 

Z AG is a bank, and there is a corporate group structure involved with this.

Best regards,

Sebastian

09:50 May 24, 2015 

Hi Sebastian: It would make things a bit clearer if you could explain who's who here. Is "Z AG" a bank (or eg a parent company)? And I'm kinda assuming that it's "die Gesellschaft" that's "in Abwicklung", not the bank - is that right?

03:24 May 24, 2015 

:)

02:58 May 24, 2015 

to "Sanierung" of some sort...

02:57 May 24, 2015 

done with a handshake