On 1 July, Blackjewel L.L.C. filed voluntary petitions for reorganisation under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Southern District of West Virginia.
The final monetary impact to Tallinna Sadam from the bankruptcy proceedings of AS Coal Terminal depends on the combined effect of the outcomes of several parallel disputes.
The agreement is set to ensure a greater commitment to jobs and investments into the region’s economy.