IMPORTANT NEWS: National Electric Vehicle Sweden has agreed to buy the assets of Saab Automobile and the sale is expected to be finalized during the summer.

Thursday, December 15, 2011

New reconstruction administrator proposed

The current administrator of the Saab reconstruction, Guy Lofalk, and Saab's management have proposed Lars Söderqvist from Hökerberg & Söderqvist law firm as the next administrator.

"I have been informed and have also been given the opportunity to get confirmation from the parties involved on the conditions for the plan. The confirmations have been of a nature that I have determined that there are conditions for this to be successful," Lars Söderqvist said to Swedish news agency TT.

Yesterday it became known that Lofalk had asked the court to be relieved from his duties as administrator. Saab then proposed that Lars-Henrik Andersson of the Stockholm branch of Lindahl law firm should be appointed, but Andersson earlier today told the court that he was not available.

This evening Victor Muller told GT that Andersson was forced to pass on being administrator when the Gothenburg branch of the law firm decided that the firm would not be part of the reconstruction. Reason being that the firm believes that they will be chosen to handle a potential Saab bankruptcy, and the firm that handles a reconstruction can not also handle a bankruptcy in the same company.

I presume that corporate Sweden makes a note of how Lindahl law firm conducts business.

The court will decide on Monday's hearing who will be appointed.