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Huntsman Corporation Message Board

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  • atl303032001 atl303032001 Jun 20, 2009 1:10 PM Flag

    huntsman in german press

    part of the problem is the literal translation of the program used.

    the other part is that the banks claim they were allowed to withdraw if HUN was insolvent based on the contract requirement that HUN CFO produce a "solvency certificate" at closing.

    there was no closing, banks failed to show. so even the CFO certificate requirement holds no water. but HUN did produce solvency certificate and was not insolvent.

    so this "xclause" in the article is not a real thing.

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