We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Eurotunnel’s Bankruptcy Boasts £89M Price Tag

Law360 (March 8, 2007, 12:00 AM EST) -- Eurotunnel’s bankruptcy has proved pricey, with the company shelling out an estimated £89 million to the lawyers and other professionals who have guided it through safeguard proceedings lasting nearly two years.

The company revealed the news on Wednesday in connection with the release of its financial results for 2006.

Eurotunnel reported a net loss of £143 million for the last fiscal year.

“In the absence of a financial restructuring of the debt, the company was left with unsupportable financial charges (£368 million), which led to a...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.