ECJ EUROFOOD CASE IRELAND ITALY PARMALAT
May 1st, 2006
BY KEITH NUTHALL
THE EUROPEAN Court of Justice has ruled efforts to squeeze Ireland-based creditors from Bank of America-inspired insolvency proceedings of a Dublin-based subsidiary of Italian food giant Parmalat could be blocked by Irish courts. The ECJ confirmed the theoretical role of Italian liquidators, but in reality an Irish liquidator will probably handle the case.
ENDS
THE EUROPEAN Court of Justice has ruled efforts to squeeze Ireland-based creditors from Bank of America-inspired insolvency proceedings of a Dublin-based subsidiary of Italian food giant Parmalat could be blocked by Irish courts. The ECJ confirmed the theoretical role of Italian liquidators, but in reality an Irish liquidator will probably handle the case.
ENDS
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