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.
Am 5. Juni 2009 stellten die deutschen Unternehmensteile (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) Insolvenzanträge beim Amtsgericht Schwerin.