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
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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