Court to decide on Tuesday whether to freeze DOL media groupís assets

Monday, February 6th, 2017
Last Update: 09:24

A First Instance Court will decide on Tuesday (Feb. 7) whether to temporarily freeze the sale of any assets of the bankrupt DOL media group and whether it will exempt one bank account to allow for the payment of the group’s employees. DOL’s 500 employees have not been paid in seven months.

In a court hearing on Friday, representatives of the four banks with outstanding loans to DOL requested the temporary halt of any liquidation of its assets in favour of other creditors.

On their side, the group’s employees asked the court to exempt a specific bank account where DOL’s sale revenues and earnings are deposited, so they can receive part of their unpaid wages and ensure the viability of the newspapers.

See Also:

Thank you for contacting

Thank you for your enquiry to Villas, in partnership with ISV. Our Villa Experts will get back to you very soon with more information on your Greece villa holiday!

The contact form was not sent. Please contact us via email at [email protected]

All form fields are required.

If you want to add, edit or delete a Business page, CLICK HERE to create a Account