Paul Hastings Advises Insert in Successful Reorganization
Paris, France -- Paul Hastings, a leading global law firm, announced today that the firm, advised Insert, a French provider of outdoor advertising and billboard displays, in its successful reorganization.
The Paris Commercial Court approved the reorganization plan on January 28, 2013, terminating the safeguard proceeding. Prior to the court’s approval Insert’s reorganization plan received unanimous approval from its creditors at a creditors’ general meeting, a procedure not often used in France, and by the Company’s shareholders.
Paul Hastings also advised Insert throughout a prepack proceeding subject to the opening of the safeguard, which was one of the first in France. Insert’s safeguard proceedings began on April 26, 2012.
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