Friday, October 2, 2009

Bankrupt for a Day

On October 1, Raffeisenbank filed a bankruptcy petition against media and IT company RBC Information Systems, and announced the same day that it intends to withdraw the petition in light of continuing negotiations with the company. RBC is trying to restructure its total debt of $200 million, of which approximately $30 million is owed to Raffeisenbank.

http://10.vedomosti.ru/newspaper/print/2009/10/02/215302

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