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.

Monday, January 9, 2012

Bankruptcy administrators request help

As reported yesterday, several stakeholders are displeased with the work of the Saab bankruptcy administrators. Now the administrators themselves request help.

In an application to the court earlier today, the administrators Hans L. Bergqvist and Anne-Marie Pouteaux ask that the court appoint Kent Hägglund as an additional administrator. Reason being that there is a risk of conflict of interest concerning the Saab brand name. Kent Hägglund is an expert with many years experience handling legal issues concerning brand names.

According to Swedish news agency TT, administrator Hans L. Bergqvist has earlier represented the aerospace and defense company Saab AB. And since Saab Automobile's use of the brand name SAAB and the Gripen logo is regulated by an agreement between Saab Automobile AB and Saab AB, there is now risk of conflict of interest.

"Among other things, it has concerned the brand and its use," Anders Blom, brand manager at Saab AB, said to TT when commenting Bergqvist's work for Saab AB.

"We have therefore made the administrators aware that there could be a risk of a conflict of interest," Blom continued.

It is uknown if Saab AB will allow Saab Automobile continued use of the brand name Saab, but it will probably depend on if Saab Automobile is sold in its entirety and who the potential buyer is.