The Bratislava District Court approved the restructuring of Arca Capital Slovakia, a.s. in a ruling handed down on April 6, 2021 saying the company’s proposal for restructuring was reasonable.
The court evaluated both the content of the proposal from Arca Capital Slovakia, a.s. to permit its restructuring as well as the associated financial and legal matters. The court confirmed the result of the restructuring evaluation, e.g. that the restructuring of Arca Capital Slovakia, a.s. is more advantageous for its creditors than liquidation, and thus approved further steps.
The ruling from the Bratislava I District Court approving the restructuring of Arca Capital Slovakia, a.s will be published in the coming days in publicly-available Obchodní věstník and on the Slovak Justice Ministry’s website at https://www.justice.gov.sk/PortalApp/ObchodnyVestnik/Formular/FormulareZverejnene.aspx. The legal effects of the restructuring will take effect the day after the publication of the decision in the Obchodní věstník and creditors of Arca Capital Slovakia, a.s. will then have 30 days to submit their claims.
Arca Capital Slovakia, a.s. assures its creditors of its desire to provide them with full cooperation throughout the restructuring process. All the information necessary to submit claims will be published on the www.arcacapital.com website in the coming days.
Arca Capital Slovakia, a.s. thus recommends that its creditors regularly check the “Reštrukturalizácia Arca Capital Slovakia” (Restructuring of Arca Capital Slovakia) section of the website where the company will publish a simple and understandable procedure for submitting claims within a few days. This section will also provide creditors with answers to frequently asked questions about the restructuring of Arca Capital Slovakia, a.s.
In order to provide creditors with as much knowledge as possible about the restructuring of Arca Capital Slovakia, a.s., the company also announces to its creditor that as of April 12, 2021, an online form will be available in the “Reštrukturalizácia Arca Capital Slovakia” (Restructuring of Arca Capital Slovakia) section of Arca Capital Slovakia’s website where creditors of Arca Capital Slovakia, a.s. will be able to sign-up for regular news reports associated with the restructuring that will be sent to the email address of registered creditors of Arca Capital Slovakia, a.s.