Antena 3 CNN Business The Food Research Institute – the overview of made up damages - the Tower building seizing

The Food Research Institute – the overview of made up damages - the Tower building seizing

The Food Research Institute – the overview of made up damages - the Tower building seizing
11 Dec 2014   •   10:27

One of the most controversial decisions in the ICA file was the seizure of the tower block building. Experts have come up with dozens of arguments dismantling the court’s decision: the seizing of the Tower building can incur property damages for the owner and it affects the interests of creditors and shareholders who were not part of the case file. Parties affected by the decision are as follows:

·        ICA SA with patrimony shares in Bioprod SA

·        Bioprod SA  with the right to use the land taken over as patrimony rights from ICA SA

·        Grivco SA with the property over the building

·        Grivco SA stakeholders

·       Creditors for whom the Tower building represents a guarantee

 

The full list of legal arguments can be found at:  IncomeMagazine.ro.

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