The unconventional restructuring program of Uretek Worldwide finally concluded


HPP acted as the restructuring administrator and supervisor in the restructuring proceedings of Uretek Worldwide Oy, in which the restructuring program was concluded in the end of 2020. Uretek’s restructuring was unique due to a competing draft program submitted by a creditor. The creditor demanded actively for the approval of the competing program until the Supreme court ruled against granting a leave to appeal.

All courts approved administrator’s draft program which was successfully concluded by the debtor company.

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