(CercleFinance.com) – Casino announces that it filed motions on February 15 for the purpose of opening Chapter 15 proceedings of the American Bankruptcy Code (Bankruptcy Code) with the Bankruptcy Court of the Southern District of New York.
This involves obtaining recognition in the United States of the accelerated safeguard procedures at the level of Casino and six of its subsidiaries, and where applicable of the judgments establishing the related accelerated safeguard plans, in order to ensure their implementation. execution in the United States.
The procedure will have no impact on the distribution group’s relations with its operational partners and employees. The hearing before the Bankruptcy Court is scheduled to take place on March 21.
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