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NWTC applies for creditor protection

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Published in issue 48/2008
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The majority of the attendees of the creditors’ meeting of Russian ZAO North West Timber Company (NWTC), which ran into financial difficulties, approved the opening of insolvency proceedings. NWTC reports that it has liabilities of Rouble 7.2bn (around €210m) towards nine creditors – these include, among others, ...

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