Financial and Banking News
Grupo Torras Given Protection from Creditors while Rescue Plan Drawn Up
Grupo Torras, the Spanish investment arm of the Kuwait Investment Office (KIO),has been placed under the authority of legal administrators, following theagreement by Spanish courts to grant the company protection from its creditors.Torras sought protection on 4 December under Spanish laws which are comparableto Chapter 11 in the US. Court approval was given on 11...
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