Orco to present rescue plan to French court soon - BoD member

Monday, 8 February 2010, 9:18 - Portfolio.hu
Property group Orco has not left all its problems behind just yet, but it will be able to survive the hardships it is facing, said Alexis Juan, a member of Orco’s Board of Directors. He told Czech business daily E15 that the company is working to lift bankruptcy protection and has agreed with the 33 crediting banks on the restructuring of liabilities. The rescue plan is soon to be presented to the French court in its so-called Safeguard regime (protection from creditors), which includes settlement with its crediting banks and bondholders.

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