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.
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