Metinvest scheme of arrangement sanctioned, granted U.S. recognition

By Caroline Salls

Pittsburgh, June 30 – Metinvest BV’s scheme of arrangement was recognized as a foreign non-main proceeding by the U.S. Bankruptcy Court for the District of Delaware, according to a company news release.

The scheme was sanctioned by the High Court of England and Wales on Thursday.

Metinvest is an integrated mining and steel business based in Donetsk, Ukraine. The company filed for bankruptcy on Jan. 13, 2016 under Chapter 15 case number 16-10105.

© 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.