Adler Creditor Sues in Frankfurt to Torpedo London Restructuring
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An Adler Group SA bondholder has filed a suit in a Frankfurt court in a bid to thwart the company’s plan to restructure its debt in the UK.
The suit seeks an order declaring the effort to overhaul its debt under English law illegal, two people familiar with the case said. The action is at an early stage, said the people, who asked not to be named as the filing isn’t public yet.