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Court initiates proceedings on bankruptcy case of Bogdan Motors automobile company

Court initiates proceedings on bankruptcy case of Bogdan Motors automobile company 2 min read The Economic Court of Dnipropetrovsk region has filed a bankruptcy case against JSC Automobile Company Bogdan Motors, which unites production assets of Bogdan corporation, the company s press service said on Monday. According to the court s ruling in the Unified State Register of Court Decisions, the proceedings were initiated on December 23 at the request of Financial Company Finwork LLC (Kyiv), Evhen Shyman from Dnipro was appointed the property manager. The press service of Bogdan Motors said in a press release that 2020 has become a record-breaking concourse of adverse factors for vehicle manufacturers, including due to a combination of systemic problems in the industry, in the country s economy and due to the global crisis caused by coronavirus (COVID-19) pandemic.

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