31. In this case, the administrator is Munich-based lawyer, Michael Jaffe, who is currently also administrator for another insolvent company, Schneider Technologies.
32. Creditors will seek a buyer for the insolvent companies after construction of the steel plant is completed in May, the Korea First Bank spokesman said.
33. John Robinson also stood down as chairman of the insolvent company last week, but remains on the board of the parent group.
34. The aim of changes is to balance responsibility in an insolvent company between debtors and creditors.