S&T Denies Bankruptcy Petition

People ♦ Published: November 12, 2010; 13:58 ♦ (Vindobona)

The Vienna Stock Exchange listed IT company provides S&T is facing widespread allegations. It has been rumored that the company is faced with a bankruptcy petition.

S&T Denies Bankruptcy Petition / Picture: © S&T Austria GmbH

„Industriemagazin“ has written that the Carinthian Hypo Alpe Adria Bank has filed a bankruptcy petition against the stock exchange listed company S&T. As a consequence the bank would make use of the rights of lien owing to the existence of some fears that the company intends to move to London because the British bankruptcy law is very accommodating for debtors.