OXYGEN TECHNOLOGIES announces preliminary insolvency proceedings

The preliminary insolvency proceedings of OXYGEN TECHNOLOGIES GmbH were opened on July 27, 2021. The Local Court of Freiburg appointed the specialist lawyer for insolvency law Dr. Gesa Pantaleon gen. Stemberg from the law firm Pantaleon gen. Stemberg & Partner as preliminary insolvency administrator.

Business operations and processes of the company will continue. "We see great potential in the innovative technology of ELEMENTS® and the team behind it at OXYGEN TECHNOLOGIES. We are very confident to continue the business operations and are now looking for investors to support us in this step" explains Dr. Gesa Pantaleon gen. Stemberg. The various options for the continuation of the company will be discussed with all parties involved in the coming weeks.

The young company decided to take this step due to impending insolvency, which resulted from the short-term breakdown of negotiations with key investors. The highly qualified team of 46 employees continues to work on product development, software, customer management and marketing. The administrative apparatus also continues to run healthily.

About the persons and the law firm:

Attorney-at-law Dr. Gesa Pantaleon gen. Stemberg studied law at the University of Mannheim. After passing the 1st state examination, she obtained her doctorate in the field of inheritance law. She completed her legal clerkship in Freiburg and, after passing the second state examination, worked for the insolvency law firm of Dr. Pantaleon gen. Stemberg, Nehrig & Weis, first as a salaried lawyer and then as a partner. In 2015, she joined the insolvency law firm Hoefer|Schmidt-Thieme as a partner and established the Freiburg, Offenburg and Salem offices for the firm. She has been a specialist lawyer for insolvency law since 2011 and has been regularly appointed as an insolvency administrator at various local courts in Baden-Württemberg since 2013. She is on the board of Distressed Ladies eV, a Germany-wide association for female experts in the restructuring and reorganization industry. Dr. Pantaleon gen. Stemberg was named a Top Lawyer in Insolvency Law by WirtschaftsWoche in 2020. Since 1.10.2020 she has been working with a new unit in the law firm Pantaleon gen. Stemberg & Partner, attorneys tax advisors with offices in Freiburg, Offenburg and Salem.

Sarah Schmelzer, LL.M. has been working in the field of insolvency administration since completing her legal education. After studying in Freiburg i. Br., she completed her legal clerkship in North Rhine-Westphalia, where she subsequently also started working in insolvency administration in 2010 in a supra-regionally active insolvency administrator law firm with offices throughout the Ruhr region and in Berlin. From mid-2011, she then worked for the insolvency law firm Dr. Pantaleon gen. Stemberg, Nehrig & Weis (later: Nehrig, Braun & Sozien), since 2016 as a partner. Since 2015, Ms. Schmelzer has been regularly appointed as an insolvency administrator at the courts in Freiburg, Offenburg and Baden-Baden. In 2018, Ms. Schmelzer joined the law firm Hoefer Schmidt-Thieme as a partner, where she managed the Freiburg, Offenburg and Salem offices together with Dr. Pantaleon gen. Stemberg. Since 1.10.2020 she is with new unit in the law firm Pantaleon gen. Stemberg & Partner, Attorneys at Law Tax Consultants with offices in Freiburg, Offenburg and Salem.

Mr. Björn Stiefvater, tax consultant, after successfully completing his training as a financial assistant with a focus on taxes, began studying business administration at the University of Mannheim, which he completed in 2009 with a degree in business administration. Since 2014 Mr. Björn Stiefvater is an appointed tax consultant. Mr. Björn Stiefvater was employed as an assistant auditor and tax consultant at PKF Riedel Appel Hornig GmbH from 2009. In 2012, he moved to the tax consulting firm Dr. Stilz Behrens & Partner mbB, where he was employed as a tax consultant from 2014. In 2016, a change to the tax consulting firm König took place. Since 2018, tax consultant Björn Stiefvater has been working together with tax consultant Magnus Walk in his own partnership Stiefvater & Walk PartG mbB. Since 01.10.2020, in addition to the tax consulting firm, he is part of the new entity Kanzlei Pantaleon gen. Stemberg & Partner, Attorneys at Law and Tax Consultants with offices in Freiburg, Offenburg and Salem.

Mr. Magnus Walk completed his training as a financial assistant with a focus on taxes and subsequently began his studies in business administration at the University of Mannheim in 2002, which he completed with a degree in business administration in 2008. Mr. Magnus Walk has been an appointed tax consultant since 2012. Mr. Magnus Walk, tax consultant, was employed by Ernst & Young GmbH from 2008. In 2012, he moved to Kaiser & Sozien Partnerschaft mbB, where he was employed as a partner from 2015. Since 2018, Mr. Magnus Walk, tax consultant, has been working together with Mr. Björn Stiefvater, tax consultant, in his own partnership Stiefvater & Walk PartG mbB. Since 01.10.2020, in addition to the tax consulting firm, he has been working in the new entity Kanzlei Pantaleon gen. Stemberg & Partner, lawyers tax consultants with offices in Freiburg, Offenburg and Salem.

The law firm Pantaleon gen. Stemberg & Partner, Attorneys at Law Tax Consultants is a law firm specialized in insolvency law with offices in Freiburg, Offenburg and Salem. Partners of the law firm are Dr. Gesa Pantaleon gen. Stemberg, Sarah Schmelzer, LL.M., tax consultant and business graduate Björn Stiefvater and tax consultant and business graduate Magnus Walk. The firm has offices in Freiburg, Offenburg and Salem.

Contact details:

Dr. Gesa Pantaleon gen. Stemberg
Pantaleon gen. Stemberg & Partner GbR
Rechtsanwälte Steuerberater
Habsburgerstraße 90
79104 Freiburg
T: 0761-7088950
F: 0761-70889520
info@stemberg.de
www.stemberg.de