SERVICES

Appeal against the Moby-Tirrenia merger

Genoa - As part of the procedure established by the Civil Code, which allows creditors to formally oppose the proposed merger within 60 days of its announcement

Genoa - As part of the procedure established by the Civil Code, which allows creditors to formally oppose the proposed merger within 60 days of its announcement, a request against the ‘reverse merger’ of Moby into CIN was sent to the companies by the Commissioners of Tirrenia di Navigazione Spa, which is in bankruptcy proceedings.

Moby and CIN believe that there are no valid grounds for Tirrenia’s bankruptcy proceedings to block the ‘reverse merger’, because it does not cause any harm to creditors. On the basis of this judgement, the two companies have expressed their full confidence that the Court will decide in favour of the ‘reverse merger’. The decision is expected by mid-2019.

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