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Whistleblower System to Help Clarify the Signa Bankruptcy
The investigation into the insolvency of the Signa real estate empire is progressing. A new whistleblower system is now intended to help bring transparency to complex corporate structures through information from employees and creditors and to reveal previously undiscovered information.
The Signa Group, known for high-profile real estate projects such as the Park Hyatt Hotel in Vienna, reportedly comprises up to 1,000 companies. / Picture: © Wikimedia Commons / Thomas Ledl / CC BY-SA 3.0 AT (https://creativecommons.org/licenses/by-sa/3.0/at/deed.en)
The insolvency of Austrian real estate giant Signa has developed into one of the largest and most complex economic processes in recent years. The two core companies of the group, Signa Prime Selection, and Signa Development Selection, are currently involved in a comprehensive restructuring process.
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