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Nov 10 Czech coal miner OKD, which is
under insolvency proceedings, has filed a lawsuit against its
owner New World Resources (NWR) and former NWR co-owner Zdenek
Bakala demanding payment of 24.5 billion crowns ($987 million).
An OKD spokesman said the lawsuit was filed with the
regional court in the Czech Republic city of Ostrava and that
the company’s creditors had been notified. He gave no further
details.
A spokesman for businessman Bakala’s BM Management said it
only knew of the legal action from the media and was seeking
more information.
An NWR representative was not immediately available for
comment.
OKD has been in …
Read the full article at: http://www.reuters.com/article/okd-nwr-idUSL8N1DB868