Germany-based aluminium products producer Aluminium Rheinfelden GmbH has applied for protective shield proceedings, which could protect the company from going bankrupt, sources told Fastmarkets.
Market sources corroborated local press reports that said the company applied to the L??rrach district court to open the protective shield procedure. The proceedings are preliminary insolvency proceedings that enable companies to improve their chances of sustainable restructuring.Aluminium Rheinfelden did not...