VOL. XLIV

No. 12

19-March-2001

LIBYA

Seoul Court Liquidates Dong-Ah

South Koreas Seoul District Civil Court bankruptcy division decided on 9 March to end the receivership of Dong-Ah Engineering and Construction Company Ltd, which has been the key contractor in Libyas Great Man-made River (GMR) project. After an audit of the firms assets and liabilities the court ruled that the interest of the companys creditors would be best served by putting Dong Ah into liquidation. Dong-Ah went into...