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Articles - bankruptcy

Romanian Investor will sue the state over insurer bankruptcy, frozen assets

Bankrupt Romanian insurer Astra Asigurari’s majority shareholder, The Nova Group Investments (TNG), which is controlled by Romanian investor Dan Adamescu, plans to open an international lawsuit against the Romanian state, for the company’s forced bankruptcy.

American Village residential compound to be sold for EUR 9.3 mln

The American Village residential project in Bucharest was put up for sale for a starting price of EUR 9.3 million, representing 35 percent of the developer’s debt to BCR, the project’s lending bank, according to Mediafax.

Sale price for Swan Park offices, down to EUR 22 million

Bankrupt office complex Swan Office & Technology Park in Pipera-Tunari was put again on sale, the judicial liquidator decreasing the starting price with EUR 9 million, down to EUR 22 million, less than half of the investment.

Swan Offices didn’t reach any sale agreement

The creditors will adopt a new sale strategy for the bankrupt Swan office complex in Pipera-Tunari, as on Friday, the scheduled date for the appointment of the winner following the direct negotiation, the liquidator did not reach any agreement with the interested investors, Mediafax informs.

Swan Office & Technology Park, up for auction

The bankrupt office complex Swan Office & Technology Park in Pipera-Tunari area, was put on sale through direct negotiation by the judicial liquidator, after several attempts to sell through auction, the starting price being reduced with nearly EUR 12 million, to EUR 31 million.

The end of Odyssea Residence: the land is put up for sale

The company New Horizon, which intended to build the project Odyssea Residence near Bucharest entered bankruptcy in 2013.

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