First instance court orders temporary freeze on more Folli Follie assets

22 October 2018
264 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

GREECE
shares34 views

Lotto results: 17/08/2019

Panos - Aug 17, 2019

The winning numbers from the Lotto draw are as follows:

KAS to meet in bid to change rules on Elliniko project
GREECE
shares51 views
GREECE
shares51 views

KAS to meet in bid to change rules on Elliniko project

makis - Aug 16, 2019

The Central Archaeological Council (KAS), Greece’s top advisory body on the protection of antiquities, which has quite a few new…

Ancient pyramid found on Aegean island reveals beginnings of ancient Greek civilisation
GREECE
shares125 views
GREECE
shares125 views

Ancient pyramid found on Aegean island reveals beginnings of ancient Greek civilisation

Panos - Aug 16, 2019

The long-buried structure, dating back at least 4,600 years, was constructed of marble transported from nearby Aegean islands on tiny…

Leave a Comment

Your email address will not be published.