Athens court rejects Folli Follie request for temporary protection from creditors

20 November 2018
321 Views

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.

You may be interested

EU order for Apple to pay €13bn tax bill to Ireland “defies reality and common sense”
WORLD
shares9 views
WORLD
shares9 views

EU order for Apple to pay €13bn tax bill to Ireland “defies reality and common sense”

Panos - Sep 19, 2019

The European Union’s order for Apple to pay €13bn in back taxes to Ireland “defies reality and common sense”, the…

Next for Turkey? Nuclear Weapons!
DEFENCE
shares13 views
DEFENCE
shares13 views

Next for Turkey? Nuclear Weapons!

Panos - Sep 19, 2019

During the 17 years he has ruled NATO-member Turkey, the country’s Islamist strongman, President Recep Tayyip Erdoğan, has rarely missed…

Archaeologists unearth amazing 3,200-year-old sword at a Bronze Age site in Spain
GREECE
shares18 views
GREECE
shares18 views

Archaeologists unearth amazing 3,200-year-old sword at a Bronze Age site in Spain

Panos - Sep 19, 2019

Archaeologists working on the Spanish holiday island of Majorca (Mallorca) have made a surprising discovery. They came across a 3,200-year-old…

Leave a Comment

Your email address will not be published.