LyondellBasell Mulls Ch. 11

Law360, New York (December 31, 2008, 12:00 AM EST) -- As it struggles with the possibility of defaulting on loan payments, Dutch petrochemical giant LyondellBasell Industries AF SCA may be forced to seek refuge in Chapter 11, a company spokeswoman confirmed Wednesday.

Susan Moore, vice president of corporate communications for the firm, told Law360 that the company is “working collaboratively with our banks to find the most efficient way to restructure.”

"We are looking to restructure our debt and we are exploring all of our options. Filing for Chapter 11 is one of those options,” she...
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