AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Thai Petroleum Firm's Creditors Clear Way for Debt Restructuring Plan Changes.
Jan. 9--A majority of creditors of Thai Petrochemical Industry Plc have agreed to amend the firm's debt restructuring plan, according to Effective Planners, the company's plan administrator.
Effective Planners said that the TPI creditors committee had agreed to amend the plan to allow a 75 percent majority to pass any amendments, as well as remove provisions which had previously allowed any single creditor to veto material changes in the plan.
Peter Gothard, Effective Planners' managing director, welcomed the change as improving flexibility in operations.
"We have always advocated practical voting mechanisms to facilitate adjustments to the plan ...
- Bankruptcy Court Drops Thai Petrochemical's Petition on Rehabilitation Plan.
- Newspaper article from: Knight Ridder/Tribune Business News October 9, 2002 700+ words
...the operations of Effective Planners, the company overseeing the business rehabilitation plan of Thai Petrochemical...and directors of Effective Planners no longer had the...former executives of Effective Planners had been found...
- Some Creditors Block Thai Petrochemical Firm's Rehabilitation Plan.
- Newspaper article from: Knight Ridder/Tribune Business News February 13, 2002 700+ words
...News Feb. 13--Effective Planners Ltd, the administrator...the company's rehabilitation plan. The planners...asked to dismiss Effective Planners and appoint a...further proposal by Effective Planners on how to deal...
- Former TPI Boss Alleges Embezzlement by Debt Restructuring Firm.(Priachai...
- Magazine article from: Chemical Week MOLLET, ANDREW May 16, 2001 700+ words
...filed a criminal lawsuit against Effective Planners (Melbourne), alleging that Effective Planners' executives embezzled baht21 million...Laos. TPI's creditors appointed Effective Planners last year to devise a restructuring...
- Effective Planners delays TPI sell-off. (News Briefs).(Thai Petrochemical...
- Magazine article from: Chemical Week April 17, 2002 700+ words
Effective Planners, the court-appointed administrator of Thai Petrochemical Industry...by the end of 2001 under the original terms of the plan, but Effective Planners was able to sell only $30 million worth of assets.
- Effective planners boss steps down. (Business & Finance News).(Brief Article)
- Magazine article from: Chemical Week March 19, 2003 700+ words
Sippanondha Ketudat has resigned as executive chairman of Effective Planners Ltd. (EPL), the company that administers Thai Petrochemical Industry's (TPI) debt restructuring. EPL cites "health reasons...
- 6,000 Thai Petrochemical Firm Employees to Receive One-Month Bonus.
- Newspaper article from: Knight Ridder/Tribune Business News December 14, 2001 700+ words
...be paid in early January, according to Effective Planners Ltd, the rehabilitation plan administrator. It was approved by the...the company. Last year, shortly after Effective Planners began running the company, the TPI staff...
- Banks Insist Credit Line Still Intact for Thai Petrochemical Firm.
- Newspaper article from: Knight Ridder/Tribune Business News April 25, 2003 700+ words
...this week dismissed Effective Planners as the TPI rehabilitation plan administrator for failing...managing director of Effective Planners, said after the court...Peter Gothard and Effective Planners were ordered removed...
- Rehabilitation plan filed for Mutual Benefit; bondholders' claims to follow...
- Magazine article from: The Bond Buyer King, Sharon R. August 5, 1992 700+ words
...insurance regulators have filled a rehabilitation plan for failed Mutual Benefit Life Insurance...receive distributions under the rehabilitation plan, said Mary Ann Green, a spokeswoman...Ms. Green said. Now that the rehabilitation plan has been filed, insurance officials...
Source: HighBeam Research, Thai Petroleum Firm's Creditors Clear Way for Debt Restructuring Plan...