New York court approves Toisa settlement after rejecting trustee concerns
Manhattan Bridge, New York (Credit: unsplash.com/PatrickTomasso)
A US bankruptcy court has approved a settlement agreement that shakes up the board of Bermuda-registered oil services shipper Toisa and appoints a Zolfo Cooper partner as its chief restructuring officer, dismissing an objection raised by the US Trustee’s Office.
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