(1) If insolvency proceedings are opened, the insolvency court appoints an insolvency administrator. Section 270 remains unaffected.
(2) The order opening the insolvency proceedings specifies the following:
1. the business name or name and first name, date of birth, register court and registration number under which the debtor has been entered in the Commercial Register, branch of business or occupation, commercial establishment or place of abode of the debtor;
2. the name and address of the insolvency administrator;
3. the hour when the insolvency proceedings were opened;
4. the reasons why the court did not choose to appoint the insolvency administrator proposed unanimously by the provisional creditors’ committee; the name of the person proposed as insolvency administrator is not to be mentioned;
5. an abstract presentation of the deletion periods applicable to personal data under section 3 of the Ordinance on Publication on the Internet in Insolvency Proceedings (Verordnung zu öffentlichen Bekanntmachungen in Insolvenzverfahren im Internet) of 12 February 2002 (Federal Law Gazette I, p. 677), as last amended by Article 2 of the Act of 13 April 2007 (Federal Law Gazette I, p. 509).
(3) If the order does not specify the hour when the insolvency proceedings were opened, the moment of opening is deemed to be noon on the day the order was issued.