Solarworld AG announced that Higher Regional Court of Cologne has given the green light for the company to undergo restructuring as planned despite the ongoing legal actions against its revamp plan. The company's restructuring was approved by its bondholders and shareholders last summer and was planned to be completed by February 2014. However, the financial reorganisation could not be implemented before the company had reached an agreement with 19 creditors and shareholders who filed complaints against the rescue plan.