Athens court rejects Folli Follie request for temporary protection from creditors

20 November 2018
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An Athens first instance justice on Monday rejected Folli Follie’s motion for temporary protection from creditors, with the beleaguered Greece-based retailer and accessory maker now facing the prospect of judicial challenges for its assets.

The specter of an unstructured bankruptcy is now, theoretically, a possibility.

With the court ruling, FF Group’s management and legal team must work out an agreement with creditors and seek financing for a restructuring plan.

A group representing investors in the country has already filed and received a first injunction against FF, ordering a temporary freeze of assets totalling 2.5 million euros.

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