Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events

Diamond dealer files for Chapter 11 protection amid creditor bid to liquidate the company in Belgium

By Alice Durrans

28 September 2017

Diamond dealer files for Chapter 11 protection amid creditor bid to liquidate the company in Belgium

iStock.com/miljko

A Belgium diamond wholesaler and its US affiliates have filed for Chapter 11 protection in a US court to guard against attempts by a principal lender to liquidate the company.