Independent journal on economy and transport policy
21:08 GMT+2
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Perini Navi intends to use Article 182 of the bankruptcy law for debt restructuring
The aim is to safeguard operations and business continuity
May 21, 2020
In a note, the company stated that "through this company intends to use a tool to crisis management to overcome a time of major tension aggravated by the emerging situation Covid-19 and its impact on all markets. The goal pursued by the company's board of directors - explained Perini Navi - is to preserve the business and the company's history, giving continuity to the important outstanding contracts and ensuring the best possible satisfaction creditors, in accordance with the path undertaking."
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