x

Society

Greek Court Rejects Folli Follie’s Resort Seeking Protection from Creditors

October 22, 2018
ANA

ATHENS – A Greek court of First Instance on Monday rejected a resort by Folli Follie seeking protection from its creditors.

The resort was rejected because Folli Follie included its subsidiary company Finance Luxembourg II SA as a creditor. Following this decision, Folli Follie failed to gather the required by the law creditor agreement percentage and thus the company is not eligible to be included in the creditor protection process.

Folli Follie was seeking precautionary protection with the consent of its subsidiary FF Group Finance Luxembourg II SA, issuer of two bond loans, worth 50.4 and 102.4 million euros, representing 28.69 pct of the company’s debt.

RELATED

ATHENS - Schools of all levels of education will remain closed throughout Attica on Monday and Tuesday, January 24-25, due to extreme weather conditions.

Top Stories

Church

BOSTON – The Holy Synod of the Patriarchate of Alexandria in its recent meeting dealt with the ecclesiastical coup perpetrated by the Patriarchate of Moscow in its canonical jurisdiction, calling it an “immoral invasion and intrusion.

Church

NEW YORK - Some 21 years after it was destroyed in the September 11, 2001 terrorist attacks in the United States that brought down the Twin Towers in New York City, the new St Nicholas Greek Orthodox Church rising in its place is among the most eagerly awaited architectural openings of 2022.

Events

STATEN ISLAND, NY – For yet another year, the community of Holy Trinity-St Nicholas in Staten Island honored couples celebrating 50+ years of marriage with a modest ceremony held at the church immediately following the Divine Liturgy on January 16.

Video

Greece: Heavy Snowfall is Expected on Monday, Schools to Remain Closed in Attica (Vid)

ATHENS - Schools of all levels of education will remain closed throughout Attica on Monday and Tuesday, January 24-25, due to extreme weather conditions.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.