London court passes decision supporting IBA’s restructuring plan

London court passes decision supporting IBA’s restructuring plan
# 07 June 2017 08:26 (UTC +04:00)

Bank told APA-Economics that according to the decision, the foreign creditors will not be able to make claims against the assets of the International Bank of Azerbaijan (IBA) during the process of voluntary restructuring of the bank’s foreign liabilities. This decision supports voluntary restructuring process of the IBA’s liabilities.

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THE OPERATION IS BEING PERFORMED