Article: Finance Ministry Appointed as Administrator for Thai Petrochemical Industry.

Bangkok Post, Thailand Knight Ridder/Tribune Business News

Jun. 14--Local and foreign creditors alike expressed disappointment at yesterday's precedent-setting ruling by the Central Bankruptcy Court appointing the Finance Ministry as the new plan administrator for Thai Petrochemical Industry.

Lawyers representing creditors said it was likely that an appeal to the Supreme Court would be made to overturn the judgment.

At the same time however, some 500 TPI employees reacted joyously to the decision, handed down by the bankruptcy court yesterday afternoon.

Finance Ministry officials said they would seek to balance interests of all ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!