Tag Archives: creditors

UK Gov to improve corporate governance framework and ensure the highest standards of behaviour in those who lead and control companies in insolvency

Government plans to improve the UK’s corporate governance framework to ensure the UK remains one of the best places to start and grow a business. Directors selling companies recklessly to face tough new sanctions including fines and disqualification Creditors could have … Read the full press release

Loewe AG and its subsidiary Loewe Opta GmbH to restructure under creditors’ protection proceedings “Schutzschirmverfahren”

Talks with strategic partners and investors ongoing Extension to the restructuring concept – radical review of value addition and positioning strategy Strategic expansion of product range Kronach, 26-7-2013 — /EuropaWire/ — Loewe AG and its subsidiary Loewe Opta GmbH are to restructure … Read the full press release

EC temporarily approves €100m rescue aid for LOT Polish Airlines by the Polish government

Brussels, 16-5-2013 — /europawire.eu/ — The European Commission has concluded that a rescue loan of PLN 400 million (around €100 million) granted by the Polish government to LOT Polish Airlines was in line with EU state aid rules. The Commission found, in … Read the full press release