RHI: US Proceedings Completed

IndustrialsBasic Resources ♦ Published: May 2, 2013; 12:34 ♦ (Vindobona)

Chapter 11 proceedings of the US companies deconsolidated in 2001 completed

RHI: US Proceedings Completed / Picture: © RHI AG

On March 11, 2013, the competent district court confirmed the decision of the bankruptcy court regarding a settlement with all insurance companies successful in the appeals proceedings. After expiry of the objection period and the fulfillment of conditions precedent, the reorganization plans of the US companies have entered into force with effect from April 30, 2013. This has just been…