Christian Keszthelyi
Thursday, August 11, 2016, 13:14
A court in Zalaegerszeg has terminated a liquidation procedure brought against Hungarian porcelain maker Zsolnay, a decision which may yet be appealed, although Imre Bodnár, Zsolnays legal counsel, believes it would be difficult to refute, Hungarian news agency MTI reported.
[Zsolnays] insolvency cannot be established and a liquidation may not be ordered on the basis of the request, the court said, according to a statement released by the company.Bachar Najari, the majority owner of Zsolnay, last week said he repaid all of its debts owed to West Hungária Bau, and asked the Zalaegerszeg court to immediately terminate a liquidation procedure against the company and to end the custodi…
Read the full article at: http://bbj.hu/business/zsolnay-liquidation-spared-war-seen-to-end_120550