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North South not facing receivership
Wednesday 10th of September 2008
Covenant Trustee Co. agreed to allow debenture holders of North South to consider a wind down plan after talks with ASB and BOS International who together control about as third of the debentures. “We have received advice that indicates that an orderly supervised wind down has potential to produce a better outcome for debenture holders than receivership,” Covenant said in a statement.<...
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