Priest of the Order of the Butterfly
Posts: 874 from 2003/3/4
From: #AmigaZeux, Gu...
Well, it appears we know now how Hyperion escaped being wiped by the bank for its excessive debt:
https://www.companyweb.be/company/466380552/free-pub/16252553I don't speak Dutch, and have no understanding of Belgian law, but from a layman's perspective it looks to me like:
- The company's worth has been divided into fractional shares by an auditor appointed by the bank.
- Ben now directly owns (and is now therefore
personally liable for) most of the company's debt.
- No mention of Costel, Trevor et al. Could explain why Costel has... 'disappeared', around the 25th June when this actually happened.
But my understanding of law in general and Belgian law in particular is piss-poor. If anyone else has a different understanding, feel free to correct me.