Switzerland Ends Nord Stream 2 Bankruptcy Moratorium: Gazprom

Switzerland has ended the bankruptcy moratorium for the operator of the Nord Stream 2 gas link, Gazprom says Friday in its Q1 financial report.

• The court decision that approved the Nord Stream 2 settlement with creditors was not appealed within the required time frame, Gazprom said in the report
  • READ, May 9: Swiss Court Approves Nord Stream 2 Settlement With Creditors
• As a result, the settlement agreement came into force and the moratorium, in force until May 9, was terminated
• NOTE: Under Swiss law, a moratorium allows companies to explore restructuring measures and, if necessary, obtain partial debt waivers ...