98,6% vote for the haircut

Update 12: 00 Clock For NEVS and the future of the company today is another fateful day on the agenda. It's about the desired haircut, it's about the exit from the reconstruction.

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NEVS reconstruction goes into extension

The reconstruction of NEVS will be extended for another 3 months. This was reported by Victor Jensen of Sveriges Radio with reference to the competent district court. Michèl writes updates and further information in his article.

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NEVS requests renewal of the reconstruction

Update 18:50 pm Yesterday Michèl was visiting Trollhättan; NEVS gave him an insight into the documents for today. The next hours and days, up to March 2nd, will decide 

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Reconstruction extended

Everything went very fast today. The district court in Vänersborg gives NEVS another 3 months. The reconstruction will be until the 2. March 2015 continued.

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Crash pilots

The day was exciting. If NEVS expected to be waved through in court, then they were wrong. One believer makes a massive front against the extension of the reconstruction. The court adjourned, the decision will be made on

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Reconstruction could go on

Before, maybe, great things can be done, other things have to be done. The NEVS procedure is about to overcome another hurdle. At the moment it looks good, the reconstruction could take an additional 3 months

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What awaits us tomorrow

On Monday, NEVS will - once again - take to the court in Vänersborg. For the past 72 hours, some of the parties involved have made their views known through the press, emails and Twitter. Almost all ! Because

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Extension of the reconstruction

As the Schwedenradio just reported, NEVS will apply for an extension of the reconstruction. The application and the reasons are to be served on the court on Monday.

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Annoyed?

There are things I like! Write about cars as you write about the “transatlantic”, a Saab with a unique history. And there are things that are annoying! The cacophony around NEVS, for example ...

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It continues ... for now!

In advance, Sweden assumed that the NEVS reconstruction will continue. This is exactly how it happened, the court and the creditors followed the recommendation of lawyers. No surprise then.

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NEVS reconstruction allowed

The court in Vänersborg today accepted the request of NEVS for reconstruction. One of the reasons for this is the committed loan of 20 million Swedish Krona from principal shareholder Kai Johan Jiang.

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Reconstruction rejected

Update 18: 44 The District Court of Vänersborg has rejected the NEVS request to open the reconstruction process. NEVS 'information on the proposed financing solution is vague and completely undocumented by the court.

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