A host of firms including Skadden Arps Slate Meagher & Flom and White & Case have taken roles on the approval of a bankruptcy plan for Central European Distribution Corporation (CEDC), one of the world's largest vodka producers. The plan, which was approved by a US court earlier this month and comes into effect on 31 May, will see Russian billionaire Roustam Tariko receive all of CEDC's stock in return for a $277m (£183m) settlement with the Polish company's creditors.
May 22, 2013 at 08:22 AM
1 minute read
The original version of this story was published on Legalweek
A host of firms including Skadden Arps Slate Meagher & Flom and White & Case have taken roles on the approval of a bankruptcy plan for Central European Distribution Corporation (CEDC), one of the world’s largest vodka producers.
The plan, which was approved by a US court earlier this month and comes into effect on 31 May, will see Russian billionaire Roustam Tariko receive all of CEDC’s stock in return for a $277m (£183m) settlement with the Polish company’s creditors.
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