Trusteeship

Wirtschaftsprüfer are empowered by statute to serve as trustees. Their strict professional rules ensure they safeguard the assets and legal interests entrusted to them in an altruistic manner.

The detailed terms of the trustee’s duties are governed by the individual contract or statutory commission, respectively. Wirtschaftsprüfer perform various tasks as trustees, including:

• Asset management

• Management in emergency situations

• Sequestration

• Receivership/conciliation administration

• Safeguarding interests on the creditors' committee

• Liquidation

• Estate administration

• Executorship.