Mr. Joachim Paech’s faulty of bankruptcy motion
Company assesses damages against Mr. Joachim Paech
Zurich, 01.08.2013. The Private Capital Markets AG, previously Silvia Quandt Capital Markets (Switzerland) Ltd., Zurich, announces that the District Court of Zurich, hereby rules on 27 June 2013 as follows: The assertion introduced by the former Board of Joachim Paech that Silvia Quandt & Cie. AG, Frankfurt am Main, was not the owner of all shares of Silvia Quandt Capital Markets (Switzer-land) AG at the time of the Extraordinary General Meeting on 28.09.2012, the court rejected as unfit.
Joachim Paech could in no way provide evidence for his claim that shares are in possession of the former trustee Victor Sauter and Mrs. Tina Hunziker. However, the Board Director Anna Wohlthat could provide many contrary evidence to the court.
The Court has also ruled that Joachim Paech was no longer entitled for the indebtedness indicator, Silvia Quandt Capital Markets (Switzerland) AG by the Extraordinary General Meeting. Joachim Paech has begun the indebtedness display at a time when he was already dismissed from his posi-tion as a director. He acted not as an institution but as unauthorized third parties. As Silvia Quandt Capital Markets (Switzerland) AG has not been found in bankruptcy difficulties, the now renamed Private Capital Markets AG Company will make claims for the resulting damage to Mr. Joachim Paech.
The Board of Directors
Silvia Quandt Capital Markets (Switzerland) AG with a new name: Private Capital Markets AG
Press Release from 12.03.2013
After a continued blockade of the Company’s name change since the end of September 2012 by the former Board of Silvia Quandt Capital Markets (Switzerland) AG through the German citizen Mr. Joachim Paech, this was repealed by the Commercial Court of Zurich on 17.01.2013 and it was entered in the Register of the canton on 11.03.2013. The new name of the company is Private Capital Markets AG.
This paved the way for the reconstruction of the company and since the end of September 2012, the ongoing rehabilitation can be brought to an end as planned. In addition to the name change, the former auditor, the TSZ Trust Company Sauter + Co. AG Zurich, was deleted from the commercial register. The trust's auditor was not given due to the involvement of the auditor in an ineligible natural bankruptcy of the company.
Because of the behavior of the previous person in charge, an internal audit was carried out, which has resulted in numerous offenses of embezzlement to the detriment of the company, in which the former board members, the German citizen, Mr. Joachim Paech and Christoph Streib, and the Trustee, Mr. Victor Sauter were involved. The complaints were raised to compensate for damages. Due to the seriousness of the offenses, one currently tests, whether criminal offenses exist. Should this be the case, the Board will immediately bring this to the display.
The Board of Directors
Extract from the Commercial Register of the Canton of Zurich
Silvia Quandt Capital Markets (Switzerland) AG is again fully operational by the judgment of the Commercial Court
Press Release from 25.01.2013
The former Board of Silvia Quandt Capital Markets (Switzerland) AG, Joachim Paech was removed from the end of September 2012 after an extraordinary general meeting of his Office, he tried with all unfair means to integrate related agents in order to block the company and damage it.
This suggestion of Joachim Paech was put to an end by the Commercial Court of the Canton of Zurich. By judgment of 17 January 2013, his complaint was dismissed. In the complaint, he alleged, inter alia, that the performed extraordinary general meeting on 28 September is void, because not the entire share capital of the Company was present. Supposedly the Zurich trustee Victor Sauter would hold 248 of the 250 shares. He was however not informed and could not attend. The defendant, represented by a new member Anna Wohlthat could prove convincingly that 100 percent of the share capital was present and the assertion of Mr. Paech and the Trustee Victor Sauter, that they would hold shares in the Silvia Quandt Capital Markets (Switzerland) AG is inaccurate.
The original founding shareholder Viktor Sauter says against the commercial register of the Canton of Zurich that he prefers to hand over the shares held by him in the commercial register of the Silvia Quandt & Cie. AG (Frankfurt am Main). The entire share capital at that time was also made completely from the Frankfurt company. Mr Paech has also proceed in the past that he is one hundred percent owner of Silvia Quandt & Cie. AG. In the damage of the company, Joachim Paech and Viktor Sauter as agents were aware of the falsehood alleged to the court.
The other objections of Joachim Paech, the court recognized as baseless and absolutely untrue. Joachim Paech and Victor Sauter have set up clearly false claims in their claims.
The defendant could not dispel the court that he was idle at the Board of Directors. The court also recognized this point as a completely unsubstantiated position by Joachim.
The unlawfully and demonstrably with false numbers of the former Board Joachim Paech and his assistants, the Trustee Victor Sauter, initiated bankruptcy proceedings were canceled by judgment of the Supreme Court of the Canton of Zurich on 16.01.2013 and deleted the entry in the commercial register.
Following the decision of the Commercial Court, the new member Anna Wohlthat can proceed with the restructuring and reorganization of the now renamed Private Capital Markets business.
For more information:
Tel. +41 79 5022999
The bankruptcy that the company claimed was canceled. The company is able to act again
SOGC: 017/2013 from 25.01.2013
Day of Registration Nr. 2306 from 22.01.2013 / CH-020.3.030.507-6 / 07033772
SILVIA QUANDT CAPITAL MARKETS (SWITZERLAND) AG, in Zurich, CH-020.3.030.507-6, Share Company (SHAB Nr. 210, from 29.10.2012, Publ 6908852). Approval of an appeal in the Supreme Court of the Canton of Zurich has overturned a judgment of 16.01.2013 about a bankruptcy of the company where bankruptcy of the company was lifted by a judgement of the District Court of Zurich on 05.10.2012. [previously: By order of the Supreme Court of the Canton of Zurich on 11.10.2012 the appeal against the judgment of the bankruptcy by the District Court of Zurich on 05.10.2012, bankruptcy proceedings have been granted suspensive effect. Accordingly, the entry in respect of dissolution of the company due to bankruptcy is deleted from the commercial register.].
Silvia Quandt Capital Markets (Switzerland) AG
WP Wohlthat & Partner AG, Tägerwillen, announces that 100% subsidiary Silvia Quandt Capital Markets AG, Switzerland, was acquired from Silvia Quandt & Cie. AG, Frankfurt am Main, Germany, on 28.09.2012. Same day, the previous Board of Director, Mr. Joachim Paech, was dismissed with immediate effect for important reasons. Anna Wohlthat was appointed as a new Board Director. The company was renamed Private Capital Markets AG, since there will be no business relationship with the seller and the business model is changed.
Anna Wohlthat was entered as director with single signature authority
Dissolution of the Company due to bankruptcy canceled in the commercial register
Commercial Register of the Canton of Zurich
Daily Register 35553 15.10.2012 (Z1I3 :2/ZH-55235-2012-0004/CH-020.3.030.507 -6)
SILIVIA QUANDT CAPITAL MARKETS (SWITZERLAND) AG, in Zurich, CH-020.3.030.507-6, Share company (SHAB Nr . 200, from 15.10.2012, Publ 6889252). New company: Silivia QUANDT CAPITAL MARKETS (SWITZERLAND) AG. By order of the Supreme Court of the Canton of Zurich on 11.10.2012, a suspensive effect has been awarded concerning bankruptcy in the appeal against the judgment of the bankruptcy by the District Court of Zurich from 05.10.2012. Accordingly, the entry in respect of dissolution of the company due to bankruptcy is deleted from the commercial register. [previously: a judgment of 05.10.2012, the bankruptcy judgement of the District Court of Zurich on the Company with effect from 05.10.2012, 08.30 clock, opened bankruptcy proceedings, therefore the Company is dissolved.].
Silvia Quandt Switzerland - opened bankruptcy
Source Business Week, 12.10.2012
Silvia Quandt Switzerland - opened bankruptcy
By Melanie Bergermann
On Monday, the Frankfurt Silvia Quandt & Cie. AG announced it had sold its Swiss subsidiary. As the Official Gazette reports, the provisional insolvency takes place at that time.
Silvia Quandt & Cie. AG sold its Swiss subsidiary
Frankfurt am Main, 08 October 2012
The Silvia Quandt & Cie. AG. has sold its Swiss subsidiary of Silvia Quandt Capital Markets (Switzerland) AG to an investor. The purchase price was not disclosed. In the course of the sale as well, Joachim Paech Board of Silvia Quandt Capital Markets (Switzerland) AG was dismissed. Joachim Paech no longer works for Silvia Quandt & Cie. AG.