Wadan Yards [SEP] industry
Wadan Yards
Wadan Yards was a shipbuilding company that filed for bankruptcy in December 2009, followed by bankruptcy in March 2010. 
The company was created by the sale of the two German shipyards in Wismar and Warnemünde and the shipyard in Mykolaiv in Ukraine by the Norwegian company STX Europe (formerly Aker Yards) to the Russian-controlled investment company FLC West.
History.
In March 2008, Aker Yards sold the majority of the two German shipyards and the Ukrainian shipyard to the Russian-controlled investment company FLC West
company filed for bankruptcy. In the course of the insolvency proceedings, the shipyards in Wismar and Warnemünde were acquired by Nordic Yards.
On 5 June 2009, the German parts of the company (Wadan Yards MTW GmbH, Wadan Yards Warnow GmbH, Wadan Yards Warnow Real Estate GmbH, Wadan Yards LNG Technology GmbH, Wadan Yards MTW Real Estate GmbH) filed for bankruptcy at the court in Schwerin. 
The Schwerin lawyer Marc Odebrecht, a member of the law firm of Brinkmann & Partner was appointed as administrator.