Swets’s foreign companies included in bankruptcy proceedings

The bankruptcy curator for Swets has posted several announcements on its website.

That of 23 October 2014 mentions that insolvency proceedings have been opened against various foreign companies of the Swets Group in other jurisdictions:

- Swets Information Services A.S. (Denmark)

- Swets Information Services GmbH (Germany)

- Swets Information Services Inc. (Japan)

- Swets Information Services Ltd. (United Kingdom)

- Swets Information Services Pty Ltd. (Australia)

- Swets Information Services A.S. (Norway) and

- Swets Information Services S.A. (France).

Further, in the following jurisdictions Swets Information Services B.V. has operated by means of branch offices: Singapore, Mexico, Israel, Turkey, China, South Africa, Taiwan, Korea and Switzerland. We understand that the office in Finland is a branch office of Swets Information Services A.B. (Sweden). Under Dutch insolvency law, insolvency proceedings that have been opened in the Netherlands have universal effect. A Dutch bankruptcy encompasses the entire estate of the bankrupt debtor, including assets located outside the Netherlands.

This and other announcements are on the website of C/M/S/.