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Nörr Stiefenhofer Lutz

Financial Crisis and the downturn 2009

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Rankings at a glance
Award levelCommended
InnovationKnaus Tabbert sold from Insolvency
Originality5
Rationale5
Impact5
Total15
DescriptionTo overcome unavailability of finance, the firm developed a loan model where the purchase price for the company stock is deferred until assets are sold to customers. Guarantees are provided by two German states under state aid rules.