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The next day, June 25, Wirecard announced it would file for insolvency.
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The administrators will file for insolvency at the High Court in Belfast today.
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They don't need to file for insolvency under German law.
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Companies that file for insolvency in Spain get an automatic delay and discount of their debt payments.
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Doux also plans to file for insolvency, with a business court due to hear its request next week.
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ARCANDOR'S DECISION to file for insolvency has compounded the view in Germany that retail sector dinosaurs are dying out.
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Harland and Wolff, the Belfast shipyard that built the Titanic, is expected to file for insolvency after failing to find a buyer.
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Level Europe: The latest airline casualty of the coronavirus is Austria-based budget airline Level Europe, which recently announced plans to file for insolvency.
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Britain's Wagon Automotive WAGN.L and Germany's TMD Friction and Tedrive have already said they would file for insolvency for parts of their companies.
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It has said the decision to file for insolvency was because Wirecard was over-indebted and not in a position to meet its financial commitments.
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Related news PFLEIDERER Indicated 44.4 percent lower The company is preparing to file for insolvency, it said on Tuesday.
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The slump in the global chip sector has already forced Qimonda QMNDQ.PK to file for insolvency and Spansion SPSN.O to file for bankruptcy protection.
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It was unclear whether the deal meant La Seda would no longer file for insolvency and company representatives could not immediately be reached for comment.
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Frankfurt-listed Ultrasonic said in March last year that negotiations with creditor banks had collapsed and that, as a consequence, it had to file for insolvency.
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The plant halted production after Swiss owner Petroplus filed for insolvency last month.
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It filed for insolvency in May after the coronavirus crisis cut metal demand.