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Europe, Bankruptcy Timeline Saturday, October 11     Author
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Yukos declared bankrupt by court  Troubled oil firm has been declared bankrupt by a court, clearing the way for the firm to be liquidated Parmalat founder to stand trial  An judge has charged 16 executives and 3 financial institutions over their role in the collapse of the dairy giant MG Rover gets £6.5m loan lifeline
World News Business (415) Bankruptcy (40) Europe
2006 (1) 2005 (3) 2004 (4) 2003 (1) 2002 2001 (1)
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Another top European bank falters
Oct. 4   Germany
  Germany's 2nd-largest mortgage lender, Hypo Real Estate, is teetering on the brink of collapse after a banking consortium withdrew from talks
 Hypo Real Estate has suffered from the credit squeeze in international markets. A consortium of German financial institutions pulled out of the negotiations after refusing to come up with nearly 36bn euros for a bail-out


year 2006 Top ^

Aug.1   Moscow

year 2005 Top ^

Jun.25   Italy
Apr.10   England
  The government has offered a loan to prevent redundancies being made at car manufacturer
Apr.7   England End of the road near for MG Rover  The future of 6,000-strong workforce is in doubt amid expectations the car maker could soon go into administration

year 2004 Top ^

Dec.19   Moscow Yukos unit fetches $9bn at auction
  Baikal Finance Group outbid favourite Gazprom to buy Yuganskneftegas. Yukos said that the auction was illegal
Nov.19   Russia Russia confirms Yukos break-up
  The government has set a date for the sale of oil giant' main unit Yugansk, seized to pay the huge back tax bills
Jan.26   Italy Parmalat debt grows to 14bn euros  Parmalat owes almost 8 times what the company claimed when it went bust in December Jan.23   Italy Parmalat aide 'commits suicide'
  Alessandro Bassi was a mid-level executive in the finance department of collapsed food giant

year 2003 Top ^

Dec.23   Italy Path paved for Parmalat rescue  The cabinet has amended its laws to make it easier to rescue the food giant which is facing a form of bankruptcy

year 2002 Top ^


year 2001 Top ^

Nov.7   Belgium Sabena successor set up  New airline will be formed from Sabena's subsidiary Delta Air Transport



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