IHS Chemical Week

World News and Views :: Top of the News

LyondellBasell Obtains Restraining Order Against Creditors

8:32 AM MST | February 11, 2009 | Kara Sissell

LyondellBasell’s U.S. division has secured a temporary restraining order preventing any of the company’s creditors from taking legal action against the company’s European parent company LyondellBasell Industries.  The move appears to stem from concerns that certain creditors could try to force the company’s non-U.S. operations into bankruptcy in order to trigger payments for credit default swaps (CDS) linked to the company’s European or Asian assets. CDS are a form of insurance that is paid when a company goes into default...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

Not an IHS Chemical Week
24/7 member yet?

Here's why you should be:

  • Searchable online archive access of the last 2 years of Chemical Week.
  • Print or digital magazine subscription
  • Price and market change alerts
  • Economic data and statistics
  • Buyers' Guides
  • Webcasts | whitepapers




contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa