Zsolnay liquidation spared, war seen to end – Budapest Business Journal

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.

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