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French court approves CGG safeguard plan

By Declan Bush

05 December 2017

French court approves CGG safeguard plan CGG's safeguard plan was approved by the Paris Commercial Court on 1 December. iStock.com/manjik

The Commercial Court of Paris has approved a safeguard restructuring plan for French geoscience services firm CGG, dismissing bondholders’ claims that it did not go far enough to save the debt-ridden company.