Fishing / Farming
Civil Court of Santiago Declares Pescanova SA’s Pesca Chile SA Goes Bankrupt
Pescanova SA announced that on May 2, 2013 its subsidiary Pesca Chile SA was declared bankrupt by the Fourth Civil Court of Santiago, Chile and appointed Mr. Herman Chadwick Larrain as its administrator, effective as of May 3, 2013. Mr. Herman Chadwick Larrain represents Deloitte Advisory SL.
Pescanova SA Appeals Court Decision To Suspend Board-Reuters
Reuters reported that Pescanova SA had appealed a court decision to remove the Company's Board of Directors as part of insolvency proceedings. The Pontevedra mercantile court in Galicia, where Pescanova SA is based, accepted the Company's insolvency petition, ordered the Board of Directors to stand down and proposed Deloitte as the firm's administrator.
Spanish Regulator Proposes Deloitte As Pescanova SA’s Administrator-Reuters
Reuters reported that Spanish stock market regulator (CNMV) said on April 26, 2013 it had proposed Deloitte as the administrator of Pescanova SA, which has filed for insolvency. A Spanish court accepted Pescanova SA's insolvency filing on April 25, 2013 and put the CNMV in charge of appointing independent administrators.
Spanish Court Accepts Pescanova SA's Insolvency Petition And Orders Its Board To Step Down-Reuters
Reuters reported that a Spanish court accepted Pescanova SA's insolvency petition on April 25, 2013 and ordered its Board of Directors to be removed. Pescanova SA filed for insolvency earlier and is under investigation by the Spanish stock market regulator for failing to present audited 2012 accounts by a March 1 deadline.
Pescanova SA Files For Insolvency-Reuters
Reuters reported that Pescanova SA had filed for insolvency. The Company announced that it would try to reach a deal with debtors in order to keep its business afloat.
Pescanova SA To File For Insolvency-Reuters
Reuters reported that Pescanova SA announced that it would file for insolvency after failing to reach an agreement with its creditors following more than a month of negotiations. The Company began talks with creditors to avoid seeking creditor protection on March 1, 2013 after having accumulated debt of at least EUR 1.5 billion ($1.9 billion). Total debt is likely to be closer to EUR 2.8 billion, according to financial sources.
Agrenco Ltd Updates on Subsidiaries' Bankruptcy Process
Agrenco Ltd announced that following interlocutory appeal filed upon the First Court of Business Law by the Company and its subsidiaries on March 19, 2013, the Court of Sao Paulo accepted the Company’s appeal on March 26, 2013 and annulled first instance decision granting the Company 30 days to present a new judicial recovery plan.
Agrenco Ltd Announces Further Details on Subsidiaries' Bankruptcy Process
Agrenco Ltd announced that finalizing the administrative and operational restructuring of group companies, on March 19, 2013 the Company and its subsidiaries filed upon the First Court of Business Law an interlocutory appeal against the decision which approved a new judicial recovery plan. The judgment is scheduled for March 26, 2013.
Pescanova SA Files For Insolvency Proceedings-Reuters
Reuters reported that Pescanova SA said it had filed for insolvency proceedings. Under Spanish law, the Company now has up to four months to renegotiate its debt with creditors.
Arbitration Court Recognizes Rodina OAO Bankrupt and Opens Bankruptcy Proceedings-UralBusinessConsulting
UralBusinessConsulting reported that the Arbitration Court of the Sverdlovsk region reviewed at the hearing the case of recognition the debtor - Rodina OAO insolvent (bankrupt). The case was filed at the request of the Federal Tax Service on behalf the Interdistrict Inspectorate of the Federal Tax Service of Russia № 22 in the Sverdlovsk region. By a decision of September 7, 2012 in respect of the debtor's Rodina OAO introduced a procedure of monitoring. Mr. Edward Chu was appointed as the Company's External Managing Director. As follows from the report of External Managing Director for the duration of the monitoring procedures in the register of creditors' claims included a single creditor totaling RUB 1,264,676. Based on the above, the Arbitration Court of the Sverdlovsk region decided to recognize Rodina OAO insolvent (bankrupt) and open against the Company the bankruptcy proceedings for a period of six months (up to August 19, 2013).
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Analyst Research
| Report Title | Price |
|---|---|
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Provider: Renaissance Capital
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$115.00
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Provider: Renaissance Capital
|
$58.00
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Provider: Renaissance Capital
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$58.00
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Provider: Renaissance Capital
|
$58.00
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Provider: Market Edge
|
$10.00
|
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