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

Court Endorses Eurotunnel's Safeguard Bid

Law360 (August 2, 2006, 12:00 AM EDT) -- In a break for Eurotunnel, a Parisian court has approved the Channel Tunnel operator’s application for a safeguard procedure, granting the embattled company the French equivalent of U.S. Chapter 11 protection.

The president of the Tribunal de Commerce de Paris revealed the development at a court session on Wednesday, immediately placing Eurotunnel and 17 units under sanctuary.

"In a difficult context, the Paris Commercial Court has made a positive decision which will protect the business and the public service which it operates,” said Eurotunnel Chairman and...
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.