Homburger advises AGP Worldwide Operations GmbH in a complex composition moratorium proceeding

AGP Worldwide Operations GmbH (AGP), based in Zug, trades internationally in raw materials and finished products for the automotive glass industry and is a subsidiary of AGP Group S.à r.l., Luxembourg.

Due to persistent financial difficulties, the competent court in Zug initially granted AGP a provisional composition moratorium in November 2024. This became a definitive composition moratorium in June 2025 and is currently set to run until the end of December 2026. During the moratorium, AGP has, among other things, closed its plant in Santa Catarina, Mexico, and sold its production facilities through several auctions.

Homburger advises AGP on all legal aspects of the composition moratorium and the transactions carried out in connection with it. The Homburger team is led by Stefan Kramer and Miguel Sogo and includes Marco Ehrat, Marco Rostetter, Caroline Grand and Mathilde Montézin (all Restructuring and Special Situations), as well as Viola Donzelli and Fabio von May (both Litigation) and Fabrice Eckert (Financing). Local counsel in various foreign jurisdictions have also been engaged.

STAIGER Rechtsanwälte AG, Zurich (Georg Wohl and Daniel Hunkeler), serves as the court-appointed administrator. On behalf of the court, it supervises AGP’s management during the moratorium and works toward the development of a composition agreement or another solution to restructure the company.