Table: High Tension

DEC. 17

Elektrim defaults on $424 million worth of convertible bonds. Proposes that 40% of debt be written off.

JAN. 4

Group of shareholders led by bank BRE asks court to declare Elektrim bankrupt.

JAN. 16

Court refuses bankruptcy petition. In victory for Elektrim, it tells company to devise a debt-restructuring plan.

FEB. 5

Supervisory board fires acting CEO Waldemer Siwak and his deputy and replaces Siwak with board member Jacek Krawiec.

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