Fishing & Farming

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Dias Aquaculture SA says its bankruptcy petition was cancelled, expects court's call on conciliation procedure application

Wednesday, 15 Oct 2014 09:58am EDT

Dias Aquaculture SA:Says its voluntary bankruptcy petition was cancelled.Says the hearing of the application to enter into the conciliation procedure was completed and a court decision is expected to be issued.

Pescanova SA's subsidiaries file for insolvency

Tuesday, 2 Sep 2014 03:23am EDT

Pescanova SA:Says on Sep. 1 the group's subsidiaries, including Fricatamar SL, Frinova SA, Insuina SL, Pescafresca SA and Pescafina Bacalao SA, filed for insolvency.

Pescanova SA's subsidiaries enter insolvency proceedings

Friday, 18 Jul 2014 04:02am EDT

Pescanova SA:Says companies of its group, Bajamar Septima SA, Pescanova Alimentacion SA, Frigodis SA and Frivipesca Chapela SA, through order issued by Commercial Court No. 1 of Pontevedra, entered insolvency proceedings (concurso voluntario de acreedores).

Court approves deal with creditors proposed by Pescanova

Friday, 23 May 2014 12:45pm EDT

Pescanova SA:Says on May 23 Commercial Court no. 1 of Pontevedra approved deal with creditors proposed by Pescanova.Company to emerge from insolvency proceedings.

Dias Aquaculture SA submits bankruptcy application

Thursday, 27 Mar 2014 08:58am EDT

Dias Aquaculture SA:Announces that following the court decision pursuant to which its application to enter into the conciliation procedure under Chapter 99 of the Bankruptcy Law has been declined, it has decided to apply for voluntary bankruptcy.Reason is the threatened inability to cover its debts, which will allow Dias to be placed under immediate protective measures.Entering voluntary bankruptcy does not preclude Dias from being able to reach an agreement with its creditors and therefore withdraw from bankruptcy.

Dias Aquaculture SA announces rejection of application to enter into consolidation procedure

Wednesday, 26 Mar 2014 12:26pm EDT

Dias Aquaculture SA:Announces that its application to enter into the conciliation procedure under Chapter 99 of the Bankruptcy Law has been declined.

Pescanova SA updates on insolvency process

Wednesday, 29 Jan 2014 07:42am EST

Pescanova SA:Says on Jan. 29 the Commercial Court No. 1 of Pontevedra (el Juzgado de lo Mercantil No. 1 of Pontevedra) declared closing of a common phase and opening of an agreement phase in the insolvency process of the company.

Dias Aquaculture SA Submitted Into Bankruptcy Protection Law

Tuesday, 10 Sep 2013 08:28am EDT

Dias Aquaculture SA announced that it has submitted to the Court an application for bankruptcy protection under Article 99 of Law 3588/2007, which will be heard by the Multi Member First Instance Court of Athens.

Pescanova SA’s Insolvency Administration Submits Its Report To Commercial Court No. 1 Of Pontevedra

Friday, 6 Sep 2013 09:22am EDT

Pescanova SA announced that on September 2, 2013 its Insolvency Administration submitted to the Commercial Court No. 1 of Pontevedra (el Juzgado de lo Mercantil num. 1 de Pontevedra) the Report of Insolvency Administration, complying with the provisions of the articles 74 and 75 of the bankruptcy law.

Pescanova SA Updates on Insolvency-Reuters

Monday, 2 Sep 2013 12:07pm EDT

Reuters reported that executives at Pescanova SA, including its former chairman, were ordered by a judge on September 2, 2013 to put up more than EUR1.2 billion to cover potential damages after it filed for insolvency in April 2013. Mr. Manuel Fernandez de Sousa, who stepped down as chairman in July 2013 after more than three decades, but who remains a board member, has been charged with falsifying information and insider trading. He has denied any wrongdoing. The judge leading the investigation ordered Mr. Manuel Fernandez de Sousa to deposit just under EUR 179 million. The funds will guarantee payouts to claimants, including several shareholders who lost money in Pescanova, if those charged are found guilty. Other former and present board members and executives connected to the Company's management and six companies they either represented as board members or were related to in other ways were ordered to put up smaller amounts. Pescanova itself has to deposit EUR 55 million. The judge gave them 10 days to produce the money before he orders their assets to be seized.

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