Innsbruck in the shadow of bankruptcy: Benko Foundation under pressure!

Innsbruck in the shadow of bankruptcy: Benko Foundation under pressure!

A dramatic game is developed for the legacy of the insolvent Signa founder René Benko: Hercules Holding GmbH and Hercules Finance Holding GmbH have made bankruptcy applications at the Innsbruck Regional Court! This was reported by the KSV1870 credit protection association. The debts are said to be in the high double-digit million range, which further exacerbates the situation for the Benko Group. According to KSV, applications are directly related to the demands of the Signa group against the so-called "Laura companies". Their parent company, the Laura private foundation, remains a crucial element in this complex case, in which concrete values ​​of hundreds of million euros are also involved.

background to the Laura private foundation

The Laura Private Foundation, founded in 2006, has emerged as a key player in the assets of the entrepreneur who has become crisis in the crisis. With Ingeborg Benko as the first person and the naming of her daughter, Laura, in the foundation's name, the foundation seems to be a classic family foundation at first glance. But here complex interdependencies are hidden: There are allegations that, despite his personal bankruptcy, René Benko has kept control of the foundation in order to disguise assets and to deprive the access of creditors. This already led to legal disputes that culminated against his mother in a failed lawsuit.

The impressive but difficult to reach assets from the Laura private foundation are significant properties and company participations. The economic and corruption prosecutor wants to estimate the value of the 42%share at Laura Holding GmbH at EUR 212.8 million. This complexity has caused the negotiations between thinking and creditors to turmoil and forces those involved to act strategically.

With a dramatic turnaround, the fate of the Benko companies and especially the Laura private foundation could still gain explosive in the coming months. It remains to be seen in an exciting way whether the Hercules' Insolvency Court takes place and illuminates the legal scope of the Laura Private Foundation, as the case is developing. The compulsion to investigate the financial structures of the foundation and the associated assets gives the public prosecutor and the creditors valuable starting points for their further steps, while the pressure on Benko and his family is continuously increasing.

The entire situation is also heated up by the remarkable complexity of the structure of the Laura private foundation, which is to be understood as part of an entrepreneurial empire that is now under enormous financial pressure. The next few months will shape whether the bankruptcy proceedings manage to bring light into the thicket of financial transactions, since the legal and financial consequences for the entire group are still not foreseeable. Politics and the public also have a vigilant eye on the developments that could affect Benko's assets.

The report on the background and details href = "https://de.wikipedia.org/wiki/laura_privatfung"> wikipedia comprehensive.