bankruptcy

Swiss court suspends bankruptcy of Nord Stream 2 AG

Swiss court suspends bankruptcy of Nord Stream 2 AG

The bankruptcy procedure for Nord Stream 2 AG, the operator of the Nord Stream 2 gas pipeline, has been suspended until September 2022, the company said on the website of the Swiss Official Gazette of Commerce. According to the …

Nord Stream 2 AG does not confirm reports of bankruptcy

Nord Stream 2 AG does not confirm reports of bankruptcy

The company, which was supposed to operate the pipeline capable of pumping 55 million cubic metres of gas from Russia to Germany, only fired all of its personnel due to sanctions slapped on it. The project was put on ice by German …

Nairit plant’s property set for auction - media

Nairit plant’s property set for auction - media

Nairit bankruptcy procedure manager, Karen Asatryan, has set the chemical plant’s property for an auction. According to the newspaper, an auction took place on April 28 in a courtroom of Yerevan’s …

Review of Russian banks extended until 2019

Review of Russian banks extended until 2019

Russia plans to extend a review of bank licenses for another two years, shutting down scores more banks after closing hundreds in the past four years, mostly for committing fraud or other crimes, Russia's central bank deputy governor …

Yerevan’s Nairit recognized bankrupt

Yerevan’s Nairit recognized bankrupt

Armenia’s chemical plant Nairit was recognized bankrupt by the court of Yerevan’s Shengavit district, according to the official judicial website …

Air Armenia goes bankrupt

Air Armenia goes bankrupt

Air Armenia will be liquidated, the Zhoghovurd newspaper writes. According to the newspaper, the air company’s bankruptcy formalization is under way now in compliance with a decision made by the first-instance court of …

Air Armenia declared bankrupt

Air Armenia declared bankrupt

The ‘Zhoghovurd’ newspaper reports that the general jurisdiction court of Yerevan’s Kentron and Nork-Marash communities declared Air Armenia bankrupt based on a suit filed by HSBC.  "The airline’s …

Russians can now declare themselves bankrupt

Russians can now declare themselves bankrupt

A law on personal bankruptcy came into force in Russia today. This document allows a citizen with total debts of more than 500,000 rubles and over three months of missed payments to file for bankruptcy. The law gives a citizen the ...