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Provider: Reuters Investment Profile

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Let's Gowex starts insolvency proceedings-Reuters

Thursday, 10 Jul 2014 09:32am EDT 

Let's Gowex SA:Gowex started insolvency proceedings on July 10, lawyers acting in the name of company told Reuters-Reuters.Company had said on July 6 it would file for bankruptcy and that its chief executive officer had resigned, after acknowledging group had reported false accounts for at least four years.Under Spanish law, company filing for such proceedings has maximum of four months to reach deal with creditors or enter into administration. 

Company Quote

2 Jul 2014