Micrologica becomes first Neuer Markt insolvency of 2001

Software company Micrologica has become the first Neuer Markt company to call in the receivers in 2001, just weeks after the German high-growth market expelled its first company.

A German court appointed a temporary official receiver on Tuesday as Micrologica applied for insolvency due to &quotimminent illiquidity&quot, according to a Micrologica statement.

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