Insolvency-remote refers to a company or entity that is structured in such a way that its bankruptcy or insolvency would have minimal impact on other companies or entities within the same corporate group. This is typically achieved by creating a separate legal entity that is specifically designed to
hold assets and liabilities related to a particular project or
investment. By ring-fencing these assets and liabilities, the bankruptcy remote entity can be shielded from the financial problems of other companies or entities within the group.
In the context of CoreProp, the company's insolvency-remote structure is designed to protect the interests of its
investors and lenders in the event of a bankruptcy or insolvency. By creating a separate legal entity that is specifically designed to hold the assets and liabilities related to CoreProp's investments, the company's creditors can be confident that their interests will be protected in the event of a financial difficulty.