Request for an additional receiver to be processed by the court

The court today announced that they have received a petition from the receivers to add another receiver to the team. The receivers have nominated Kent Hägglund from DLA Nordic.

“Circumstances exists that could mean a conflict of interest for both receivers in questions pertaining to the ‘SAAB’ trademark, the griffin logo and the SAAB company [“firmadominanten SAAB”] and related issues.” (from the petition filed by the receivers)

It is also worth pointing out that the unions have been talking about requesting new receivers since they feel they have not received enough information. The workers need information pertaining to salaries, and be told when they should apply for unemployment benefits.

Hopefully adding a third receiver will speed up the process. This seems to be a better solution than start over from scratch with a completely new receiver team.

At least one of the receivers have owned several Saabs. I believe Saab’s future is in the hands of someone with good intentions. And that counts for a lot.

Karl Ask
Member

Lets pray !! GRIFFIN UP !!

900jubileum
Member

The conflict of intrest about the “SAAB” trademark is not suprising. But let us hope for the best and show that we are many on the 14th!

kochje
Member

+1000
Saab-up
Griffin-up
“We are many-We are Saab”-up

hogge
Member

I’ve heard Saab only has money for another week. Any chance there’ll be a solution by then?

900jubileum
Member

That the receiver are requesting for help about the intricate question about the trademark can indicate that a sale is preatty close, but what do I know…

emil
Member
I have to say, I still don’t get it. We “have to be told” when to apply for unemployment benefits? It’s perfectly simple, and we’ve “been told” several times over already. The information is all there, for anyone who cares to actually read it: our salaries are currently covered by the state fund (“lönegarantin”). So far, we’ve received the November salaries, currently awaiting the December ones. Everyone who’s been let go has received a date of termination of employment, in my case that’s 12 January. After that date, we all have a termination period of one or more months (the… Read more »
gustaf
Member

Well spoken, Emil! I hit F5 every now and then, wishing for some good news. Hang in there and let’s hope for the best!

Joe
Member
Hands up, finally we get a comment from someone who is directly involved. I know Tim probably say here we go again Joe has added another negative comment. It’s far from a negative comment I add, but I just can’t understand comments such as above: ‘Hopefully adding a third receiver will speed up the process.’ and yes they own Saab’s so they must have an interest to save Saab, as I said before if a fraction of Saab owners brought new Saab’s, the company would not be in the position they are now. So as Emil, says let them work… Read more »
rune
Member
FWLIW: When I hastily wrote “hopefully adding a third receiver will speed up the process”, I was not necessarily referring to the unions. It is my belief that several parties are interested in continuing the production and I _hope_ it will happen sooner rather than later. That is why I hope adding a third receiver will speed things up. “as I said before if a fraction of Saab owners brought new Saab’s, the company would not be in the position they are now” Well, if you had read any of the replies, I’m pretty sure you’d know by now that… Read more »
MK
Member

Well. Emil, you can cool down. The Unions aren’t gonna do anything against the receivers.
http://sverigesradio.se/sida/artikel.aspx?programid=125&artikel=4898369

But the receivers have been very quiet against the unions in any case.
Had they communicated with the unions they would not take care of all requests from the thinking of employees, but then had the unions been able to answer questions and relieved the receivers.
So I criticizes them in any case.

emil
Member
I’m pretty cool already, thank you. The whole point is that the unions are demanding answers that the administrators can’t give yet. Such demands just add to their workload, and the result is that the answers will be delayed even further because the administrators have to spend valuable time explaining that the answers WILL come, if we’re only a little bit more patient. Sure, the administrators have been rather quiet. But I doubt the unions would be much happier if they were to get daily updates, all saying “we’re not quite done yet, it’s a lot of work and please… Read more »
Troels, Denmark
Member

+

Kyle Merrihew
Member

so is there a chance that the saab name and logo could survive through this?

900jubileum
Member

Of course there is a chance for that. What I understood it was Saab AB (aeroplane-company) who pointed out that one of Saab:s receiver from the law firm Delphi previously represented Saab AB in a question of the trademark. If the name “SAAB” should be used by another owner in the future, both Saab AB and Scania need to approve this and I think the potential buyer must present a serious solution for these two companys if they should approve that.

paddan
Member

I find it rather surprising that 3 weeks after their appointment, the receivers find they might have a conflict of interest with regard to the Saab trademark. It was not a secret that this was an issue at the time of the BR. Wasn’t a conflict check performed at the outset regarding this issue? At least in the US, that would be standard procedure for a law firm.

NC
Member
I suppose the administrators had no conflict of interests for their “client” Saab Automobile (plus Saab Tools and the rest) from the outset. No conflict check has been made for the parties to agreements with Saab Automobile (including license agreements), as there should have been no evident reason thereto, whilst such parties must be numerous. There must be no lawyer in Sweden who has never had any matters with any of Saabs contractors. The fact that they want to go around the trademark conflict of interest must be a positive sign, as is most likely means they are exploring the… Read more »
alwaysSaab
Member

I hope the effort put in by the Receivers in the past few weeks to identify serious buyers will not be wasted. A solution to revive the company must be found at all cost. There is no other option.

Niklas G
Member

According to Rachel Pang, Youngman wants to keep the brand name Saab and keep on producing and developing new Saabs in Trollhättan, but also to pruduce cars in China.

http://ttela.se/ekonomi/saab/1.1488682–vi-vill-behalla-market-saab-

I am only worried that the administrators won’t pick a new owner fast enough… :-/

conkers
Member
What I find odd is that 3 days after the bankruptcy was filed Novembers salaries were paid. (3 Days!) We have still not received Decembers salary… How can it take 3 days to pay us for November and here we are three weeks later still noy been paid for December! As for the watershed on salaries, if you earn 36kkr/month and have saved holiday, plus time in the flex bank, plus 21 days of holiday already earned… you will have hit the 171 200kr limit before the end of 2010. In short: The well paid engineers are entotled to nothing… Read more »
emil
Member
Heh.. I’m one of the “well paid engineers”. Won’t get a dime for the time in the flex bank, and they’ll likely cancel out the holiday because I still “owe” the company 4 weeks (that, according to the contract, I would have to reimburse them for if I decided to quit within 5 years). No saved holidays. I’ll be good to go until at least the end of February. There are a lot of people like me. Still haven’t left, not yet actively looking elsewhere. Oh, and it doesn’t require that much thought to figure out how they could pay… Read more »
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