Vänersborgs District Court today has approved NEVS application to exit reorganisation as of today April 15 2015!
The district court has announced the final decision and announced that the company reorganization to cease. Here is Court statement: A final decision on the termination of the reorganization.
Now, NEVS is in a better position to negotiate with the new partners. From now on NEVS has 60 days to pay their creditors in part, the second part will be paid within six months. Saab’s future is now more certain…
NEVS PRESS RELEASE
Nevs has exited the reorganization
The District Court of Vänersborg has today, April 15, 2015 decided that the reorganization of Nevs shall cease as the purpose of the reorganization is fulfilled.
The reorganization of Nevs was initiated August 29, 2014 for a period of three months. The reorganization was prolonged for a period of three months at two occasions, December 11, 2014 and March 11, 2015.
On March 23, 2015 the District Court of Vänersborg approved the composition proposal by Nevs after a vote where 98,2 percent of the creditors representing 98,6 percent of the amount of the debt was in favor for the composition. On April 14 The District Court’s approval of the composition became legally valid.