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Miro Senica and Attorneys Saves Litostroj Jeklo From Bankruptcy

Miro Senica and Attorneys Saves Litostroj Jeklo from Bankruptcy

Slovenia
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Miro Senica and Attorneys has announced that it has been helping Slovenian company Litostroj Jeklo avoid bankruptcy. 

Litostroj Jeklo produces complex shaped individual castings made of steel and special alloys and develops, manufactures, markets, assembles, and services the presses and devices.

According to Miro Senica and Attorneys, "by consulting [with] and participating in negotiations with the company’s largest creditors holding secured claims in the value of approximately EUR 34 million, Miro Senica and Attorneys helped conclude the Master Restructuring Agreement with respect to the secured claims, which was one of the main conditions for the confirmation of the compulsory settlement by the creditors." The firm reports that it "was also responsible for the preparation of key documents envisaging the conversion or write-off of receivables, and the partial repayment of the creditors."

The Master Restructuring Agreement with respect to the secured claims was confirmed by all of the secured claims creditors and the District Court of Ljubljana approved the compulsory settlement on December 22, 2017.

The Miro Senica and Attorneys team was led by Managing Partner Miro Senica, supported by Associate Alja Poljsak.

 

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