The Vänersborg District Court ruled today in favor of NEVS 'request for public composition negotiations with their creditors. This ruling follows recent reports that a significant number of the creditors are positive to the proposal where the ones with a claim of over SEK 500,000 would be paid 50% of the amount exceeding this and all smaller claims would be paid in full.
23rd at 10: 00 in Vänersborg.
Reorganization extension pending
As mentioned in the Previous post, today's ruling was important, but not the most critical one as there isn't a decision yet on the application to extend the reorganization phase by another three months. This decision is due later this week, so stay tuned for more info.