Newsflash: Swets Files for Bankruptcy Protection

by | Sep 22, 2014 | 0 comments

It is being reported in the German press that Swets has filed for bankruptcy protection. Below is a translation made using Google Translate of a report from boersenblatt.net

“The information provider Swets (Swets & Zeitlinger Group BV), based in Leiden, Netherlands has filed for bankruptcy. A message has the German subsidiary Swets Information Services confirmed.

The Dutch website f aillissementsdossier.nl (comparable to the German side insolvenzbekanntmachungen.de) had reported that Swets & Zeitlinger was granted by an Amsterdam court preliminary bankruptcy protection – a step that is necessary to maintain current operations upright. The company is dismissed for the duration of the arrangement of its payment obligations to creditors (mainly publishers so).

Who specializes in bankruptcy law JLM Groenewegen (firm CMS) has been appointed as liquidator.

Swets & Zeitlinger offers under the brand name of Swets Information and Aboverwaltungsdienste for specialist and academic libraries in 160 countries. Worldwide, the Group maintains 20 offices, including in Germany (Frankfurt). The actual effects of the insolvency at Swets Information Services in Germany, can not yet be assessed at present.”

 

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