Signa Prime also files liability claims against Benko.

16 correspondence letters were sent by the insolvency administrator Norbert Abel to all active and former responsible persons as well as to Signa founder René BenkoIt was sent, according to Abel's report. The daily Der Standard also reported on it over the weekend.

Payments without charge

Liability claims are among other things: Payments without charge or payments that occurred close to the opening of insolvency, the incorrect and incomplete presentation of the economic situation of the Signa Group, as well as the insufficiency of corporate assets and the receipt of disproportionately high financing.

However, the recipients of the letters have denied the claims through their legal representatives, Abels’ report continues. Consequently, these claims are now likely to be upheld in court.

Overall, Signa Prime Selection has sufficient liquidity to ensure continued operations within the scope of the restructuring plan. Support here is provided by a €100 million syndicated loan, provided by the British asset management company Attestor Limited.

Signa has already drawn down half of the loan in two tranches of €25 million each. However, a special agreement will be needed to access the remaining €50 million. The interest rates for the first two tranches are 10 and 14 percent respectively, according to the Standard report.