Court Approves Support for JTBC’s Autonomous Restructuring… Decision on Commencement of Rehabilitation Deferred
3 Articles
3 Articles
In principle, a suspension of up to three months is possible… Withdrawal of rehabilitation proceedings is possible upon settlement. The court approved JTBC's application for the Autonomous Restructuring Support (ARS) program and deferred a decision on the commencement of rehabilitation proceedings. On the 30th, the Seoul Rehabilitation Court's Second Rehabilitation Division (Chief Judge Jung Jun-young)
Breaking News: Court Decides to Postpone Commencement of JTBC Rehabilitation... Approves Support for Voluntary Restructuring. The court has decided to postpone the commencement of compulsory rehabilitation proceedings for JTBC. JTBC will engage in voluntary restructuring negotiations with creditors until the 30th of next month. On the 30th, Chief Judge Jung Jun-young of the 2nd Rehabilitation Division of the Seoul Rehabilitation Court [stated th…
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