I've been doing some light reading ( yawn) on the US bankruptcy laws, section
304,
that concerns US creditors of a foreign company doing business in the US.
I am not a lawyer, but it seems to me that the assets held in the US by the
former
Europa company (EMIL) could be liquidated and used to satisfy creditor debts
(in part), also in the US. I understand that the New Europa company has
not purchased the US assets and therefore, I would guess, Redman Nichols somehow
has to deal with this section of US law. Does anybody know more about this?
Has anyone heard what is going on in the US regarding creditor debt?
Steve L.
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