On September 13, 2023, the French-speaking Business Court of Brussels approved the reorganization plan of Llama Group SA, thus putting an end to the judicial reorganization procedure by collective agreement opened on May 17, 2023.
On September 28, 2023, the two bondholders Inveready and Vatel filed a request to appeal against the approval judgment of the plan.
The hearing was held on January 25, 2024 at 2 p.m. before the Brussels Court of Appeal.
The Court of Appeal delivered its judgment on February 8, 2024 in which it declared the appeal of Inveready and Vatel unfounded.