China Fishery's Peru proceedings dropped after deal with Chapter 11 trustee
Anchovies: the inedible parts are used to make fishmeal (Credit: iStock.com/THEPALMER)
A Chapter 11 trustee recently appointed over a Singaporean debtor within the China Fishery Group has drawn up an agreement with its valuable Peruvian subsidiaries to put an end to out-of-court insolvency proceedings in Peru and related Chapter 15 recognition applications before a New York court.
To read more
Subscribe to Global Restructuring Review
Subscribe & start reading now!
GRR is a daily information service providing cross-border insolvency and restructuring news, features and events.
Subscribe now