First instance court orders temporary freeze on more Folli Follie assets

22 October 2018
230 Views

An Athens first instance court on Monday afternoon ordered a temporary freeze on the assets – up to the sum of 160,000 euros – of Folli Follie, a legal decision that threatens a rescue plan for the beleaguered multinational.

The injunction came after a request by accepted a request by three investors and a foreign-based company against Athens-based FF Group. The injunction will be in effect until until a full hearing regarding measures against the company.

A first instance court decision has already ordered the freezing of bank accounts, safety deposit boxes and other financial products used by the company and seven former and current board members.

You may be interested

Bloomberg: EU may freeze customs union talks with Turkey over illegal drilling activities in Cyprus’ EEZ
FINANCE
shares11 views
FINANCE
shares11 views

Bloomberg: EU may freeze customs union talks with Turkey over illegal drilling activities in Cyprus’ EEZ

Panos - Jun 18, 2019

The European Union is set to threaten Turkey with retaliation over its drilling activities in the Eastern Mediterranean, adding to…

Prespes Agreement: One year to the day since the historic blunder
GREECE
shares10 views
GREECE
shares10 views

Prespes Agreement: One year to the day since the historic blunder

Panos - Jun 18, 2019

One year to the day since the day when Alexis Tsipras and Nikos Kotzias signed with their counterparts from the…

The great Stelios Vamvakaris is dead
ART
shares11 views
ART
shares11 views

The great Stelios Vamvakaris is dead

Panos - Jun 18, 2019

The great Greek composer and master bouzouki-player, Stelios Vamvakaris, 72, son of the patriarch of the Greek rebetiko music (a.k.a.…

Leave a Comment

Your email address will not be published.