Schellenberg Wittmer advised Aldo Group International AG in the successful completion of its Swiss composition proceedings and the exit financing. Aldo Group International AG is part of the ALDO Group, a Canadian multinational shoe and accessories retailer. Restructuring proceedings also took place in Canada and the USA.
After it had been granted a provisional moratorium on 11 May 2020, Aldo Group International AG, by decision of the Cantonal Court of the Canton of Zug confirming the composition agreement (dividend settlement) between the company and its pre-filing creditors, successfully emerged from its composition proceedings on 1 June 2022.
The team of Schellenberg Wittmer consisted of Philippe Borens (overall responsibility), Andrea Andelic and Fabio Elsener (all Banking & Finance), Benno Strub (Restructuring and Insolvency) and Roland Wild (Tax).
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