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David Von Saucken

Oct 1, 2026

27:29
I, I guess, David, the, the interesting question is why, uh, do we end up with any of these other processes that we've been talking about? Because the, the-- there's quite a lot of, um, let's say, self-interested pressure to just go straight into an insolvency process.
27:49
Yes.
27:50
That, that is true.
27:52
Um, on the other hand, uh, sort of people quite often, quite often, especially in a protective, um, in a protective shield, uh, procedure, you quite often see or self-administration, you, you quite often see that direct-directors are being changed, right? So the direct-directors that, uh, who are being nervous, they get the opportunity to, to get out.
28:16
Um, professional comes in, and he's also, or she in, in very rare cases, um, would be the, um, would be also, um, the, the chief restructuring officer after, um, the procedure kicks off, right? So you see that a lot so that, um...
28:37
Be-because people know that, right? Restructuring professionals know that you can't just, uh, take a, a regular, um, director who's basically, uh, experienced in the industry but, um, not really in restructuring and expect, um, to, to just think through all these intricacies.
28:56
Um, and, and Oliver, of course, um, he, he, he works a lot with directors when they're, when in this, uh, position.

14 MINS LATER

42:59
So the court said, "Yes, you can do that." And then, um, the court said, "Well-

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