1. Should insolvency proceedings be launched, there is uncertainty as to whether French or U.K. law would prevail. 2. The company said it will file insolvency proceedings today, seeking to remain in business as it negotiates with its banks to forgive some debt and provide fresh credit. 3. The company said in a statement today that in the wake of the agreement, it reevaluated its holdings in companies undergoing insolvency proceedings. 4. The company said it will file insolvency proceedings in court today, seeking to remain in business as it reorganizes with the cooperation of creditors. 5. The decision to start insolvency proceedings allows the company to remain in business while it tries to negotiate a rescue plan with creditors. 6. The Selma City Council voted Monday night to begin insolvency proceedings that could lead to bankruptcy. 7. Under French law, the appointment of a mediator is the first stage of insolvency proceedings. 8. A district court in Weilheim near Munich confirmed it had begun insolvency proceedings. 9. In German insolvency proceedings, shareholders, creditors, management and employees first try to agree on a rescue plan for a stricken company. 10. The company announced Wednesday morning it will file for legal insolvency proceedings. |
|