Law360, London (November 15, 2018, 9:44 PM GMT) -- Global commodity trader Noble Group Ltd. has received approval for the transfer of its assets in both the U.K. and the U.S. courts, clearing the way for the company to complete its restructuring plans.
The transfer of nearly all of the company’s assets to subsidiaries of newly incorporated entities under a new holding company, Noble Group Holdings Ltd., was approved by Judge Richard Snowden in London’s High Court on Wednesday. He also sanctioned the issuance of new debt instruments to the company’s creditors.
Noble won recognition of the English restructuring proceeding in the U.S. Bankruptcy Court for the Southern District of...
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