Argentina’s IRSA: Court rejects IDB liquidator appointment request

By Caroline Salls

Pittsburgh, June 8 – IRSA Inversiones y Representaciones SA said the District Court of Tel Aviv rejected a request by IDB Development Corp. Ltd.’s series 9 bondholders to appoint an interim liquidator and grant an injunction.

According to a 6-K filed Wednesday with the Securities and Exchange Commission, a new hearing on this matter is scheduled for Sept. 13.

IDB Development said last week that it strongly opposes the request and considers it “unfounded and with no merits to be considered.”

IRSA has a controlling interest in IDB Development, a Tel Aviv-based investment holding company. IRSA is a real estate company based in Buenos Aires.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.