Brief: IQ International Says Cantonal Court Of Zug Granted Definitive Composition Moratorium Proceedings Re IQ International
12/11/2021 18:26
Nov 12 (Reuters) - iQ International AG IQL.DE :
* CANTONAL COURT OF ZUG GRANTED DEFINITIVE COMPOSITION
MORATORIUM
PROCEEDINGS RE IQ INTERNATIONAL AG
* PROCEEDINGS WILL PROVISIONALLY LAST FOUR MONTHS
* DURING PERIOD OF MORATORIUM, APPOINTED DEFINITIVE
COMMISSIONER
WILL MONITOR CO'S ON-GOING PLANS OF RESTRUCTURING AND
IMPLEMENTATION
* SETTLEMENT OF CLAIMS,INCURRING OF NEW LIABILITIES,SALE OF
ASSETS
REQUIRE CONSENT OF DEFINITIVE COMMISSIONER FOR DURATION OF
PROCEEDINGS
* SALE OF ASSETS WILL ALSO REQUIRE CONSENT OF COURT
Source text for Eikon: ID:nPexy54xqa
Further company coverage: IQL.DE
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