Bankruptcy sought for Canary Wharf

Article Abstract:

Olympia & York Developments on May 27, 1992, petitioned a British court for bankruptcy protection from creditors of the Olympia & York Canary Wharf office development in London, England. The petition was filed after Olympia & York could not obtain additional funding for Canary Wharf.

Cases, Bankruptcy, Olympia and York Canary Wharf Ltd.

---

Olympia & York plans restructuring

Article Abstract:

Olympia and York Developments, in Toronto, Ontario, has retained a new management team to guide the firm's debt-restructuring program and to negotiate with the company's major creditors. Former Olympia and York Pres Paul Reichmann has been replaced by Thomas Johnson.

Management, Corporate reorganizations

---

Olympia & York restructuring cleared

Article Abstract:

Olympia and York has received approval from a bankruptcy court to restructure its Canadian operations. The owners and founders of O&Y, the Reichmann family, must give control of the real estate company to a court-appointed administrator.

Real estate developers, Reichmann, Paul, family

Similar abstracts:

• Abstracts: Ex-ante hedging strategy selection using foreign-exchange-rate forecasting models. Hedge ratios under inherent risk reduction in a commodity complex: an interpretation
• Abstracts: France admits Palestinian militant for medical treatment. Former House postmaster admits embezzlement
• Abstracts: Sailor sentenced to life for gay's murder. Vandal cleared in stabbing death. Retrial set for environmentalist's slayer
• Abstracts: U.S. sets antidumping tariffs on steel. U.S.-Canada panel strikes lumber duties. U.S. softwood ruling sparks row
• Abstracts: Federal 'gag rule' eased. 'Gag rule' rejected by appeals court. Eased controls spur high-tech imports

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.