CITR, as the judicial administrator of Nordis Management SRL, makes known the preliminary conclusions of the analysis of the activity of the last three years, the structure of the credit mass as well as the possible scenarios for the recovery of the company.
Although the business model of Nordis Management SRL to finance real estate projects through advances collected from buyers is a common one in the industry, the company reached a deadlock because the level of liquidity required to complete the projects could not be ensured due to an accumulation of specific factors and have generated.
For more information, please see the Romanian version of the article, here.
