A Chilean judge has declared Chilean salmon-farming firm Nova Austral bankrupt.
Chilean Judge Pablo Aceituno accepted complaints made by two Nova Austral creditors Comercializadora Nutreco Chile Limitada and Salmonifera Dalcahue Limitada alleging unequal and illegal treatment in Nova Austral’s financial reorganization process approved in January 2024, La Prensa Austral reported.
The agreement constitutes deprivation of assets for those affected, Aceituno said.
Nova Austals reorganization was aimed at ensuring operational continuity for the firm, which has posted financial losses and been fined numerous times by the Chilean government for environmental infractions. Aceitunos resolution now orders the opening of a bankruptcy liquidation…
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