SAirGroup Composition Proceedings: Insights for Creditors

The composition proceedings of SAirGroup, initiated on June 20, 2003, are nearing completion. As of September 27, 2024, the appointed liquidator has submitted the final report to the District Court of Zurich. The court's declaration of the liquidation process's completion will lead to the company's removal from the commercial register.

Creditors who haven't received interim or final payments may face issues such as unrecognized or time-barred claims. Black Pine Capital GmbH, specializing in illiquid securities and insolvency claims, offers to buy outstanding claims against SAirGroup for immediate payment.

Creditors seeking resolution are encouraged to contact Black Pine Capital for a free review of their case to potentially facilitate the claim purchase.