An Austrian court has ruled that the bankrupt ski maker Kneissl will get another chance to be rescued. The legendary Austrian sporting goods company went into receivership in February after creditors, including a Vienna-based textile supplier, appealed for insolvency procedures at a point when Kneissl was not able or willing to pay for overdue invoices.

The whole story is highly unnecessary since Kneissl is controlled by Sheikh Mohamed Bin Issa Al Jaber, who stepped in at Kneissl in 2008 and who reportedly has a fortune of some €6 billion ($8.7 billion). The court decision came after the major creditors, including Fritz ... Log in to view full article.