Supervisor of Glassrobots' Reorganization to File Annual Report to Creditors
July 22, 2010

In October of 2008 the Finnish company Glassrobots filed for reorganization proceedings, which is similar to filing Chapter 11 in the United States (CLICK HERE for related article). The District Court of Pirkanmaa named Heikki Penttilä, an attorney-at-law in Tampere, Finland, as the supervisor of the proceedings.

According to the restructuring program, the supervisor must compile an annual report to creditors within six months of the end of the company's financial period. For Glassrobots this was January 1-December 31; the report was due June 30. Penttilä says creditors requiring this report will receive it by August 31, 2010.

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