Wind Turbine Manufacturer Fuhrländer AG Wins Lawsuit for Licence Infringement

– Indian energy group Global Wind Power ordered to pay damages of 50
million euros –

– Insolvency administrator examining possibility of holding European
subsidiaries liable in interests of creditors –

TRIER & LIEBENSCHEID, Germany–(BUSINESS WIRE)–Attorney Prof. Dr. Thomas B. Schmidt, the insolvency administrator of
former wind turbine manufacturer Fuhrländer AG (FLAG), based in
Liebenscheid, has obtained a judgment from Cologne regional court
against Indian energy group Global Wind Power Limited (GWPL) that is
worth 50 million euros. Finding in favour of the applicant, Cologne
regional court ordered GWPL to pay these punitive damages following the
infringement of a licensing agreement. The judgment is final and
non-appealable.

GWPL is a joint venture between the Reliance ADA Group and the China
Ming Yang Wind Power Group. The Indian company is a global player and
builds wind turbines. To expand its area of expertise, GWPL has
concluded technical licensing agreements with world-leading companies,
including FLAG. Based in the Westerwald region of Germany, the insolvent
FLAG manufactured wind turbines until the beginning of 2013.

The impending enforcement measures may be targeted at more than just
GWPL: in the interests of the creditors, the insolvency administrator is
also examining the possibility of holding its European subsidiaries
liable.

About Prof. Dr. Thomas B. Schmidt

Attorney Thomas B. Schmidt is a specialist in labour and insolvency law
and also a trained mediator. He is a partner of the Trier-based law firm
Prof. Dr. Dr. Thomas B. Schmidt Insolvenzverwalter Rechtsanwälte
Partnerschaft mbB, one of the leading insolvency and commercial law
practices in the state of Rhineland-Palatinate, with offices in Trier,
Zell (Mosel) and Kirchberg (Hunsrück). Thomas B. Schmidt has been
working as an insolvency administrator since 1997 and as a renowned
expert in insolvency plan proceedings and reorganisations. He also
specialises in human resources restructuring. He is an honorary
professor at the University of Applied Sciences in Trier, where he has
lectured in corporate and insolvency law since 2002. Further information
can be found at www.thomasbschmidt.de.

Contacts

For Prof. Dr. Thomas B. Schmidt
dictum media gmbh
Pietro
Nuvoloni
Phone: +49 – 221 – 39 760 670
[email protected]
or
Elke
Schmitz
[email protected]
www.dictum-media.de