Aegean announced that the US Bankruptcy Court for the Southern District of New York granted interim approval of all the company’s first day motions regarding its voluntary Chapter 11 restructuring. The approvals improve Aegean’s liquidity position, to ensure that critical partners continue to be paid normally.
In the beginning of November, Aegean had filed voluntary petitions for relief under Chapter 11 of the US Bankruptcy Code. The debtors entered this process with the support of Mercuria...
https://safety4sea.com/aegean-receives-court-approval-to-support-business-operations/