Court approves Herbos liquidation

Croatian construction company Viadukt has published its letter of intention, through the Zagrebacka Stock Exchange (ZSE) dealer, for examination of investments in the two cement producers, Nasicement and Nexe Group. Viadukt became an important trustee in the liquidation processes of both companies, after a takeover of debts from the Slavonia Closed Investment Fund with shares worth HRK 86mn (€11.47 million). The company said that it holds knowledge, experience and resources necessary for the processing of t

A three-day hearing at the UK Court of Appeal in October has been granted to The British Aggregates Association (BAA), which is trying to overturn a 2002 Justice Moses judgment in its battle against the Aggregates Levy. The levy became effective in April 2002 with the aim to incorporate the environmental cost of aggregates into the market price and promote recycling. The levy is presently £2 (€2.37)/tonne. The appellants are the BAA, representing the interests of independent quarry companies, along with two