TRONOX:Chapter 11 Filing Seen as Best Way to Get Arbitration on Legacy Liabilities

摘要

Tronox emphasised that it is not going out of business and it has no immediate plans to close down plants nor to carry out a"fire-sale"of assets.Essentially,the company's management is looking to the US Bankruptcy Court to give guidance-or better still,a ruling-on whether it is"fair"or"unfair"that it should be saddled with such a heavy burden of"legacy liabilities".