Canary Wharf hit by winding up petition in row over energy bill [Yahoo! Finance]
Brookfield Property Partners L.P. - 6.50% Class A Cumulative Redeemable Perpetual Preferred Units (BPYPP)
Company Research
Source: Yahoo! Finance
NPower filed a case on Friday to close Canary Wharf Management Limited, the property management arm of Canary Wharf Group (CWG), over an unpaid debt understood to be worth tens of thousands of pounds. The debt is understood to have been owed by a retailer based in the area that closed last year and left its power bill unpaid. NPower, which is owned by E.on, had been chasing the money for months before filing the winding up petition. It called the legal threat a “last resort”. Canary Wharf has now settled the debt, it is understood. Npower said on Monday it had “been able to speak to the customer today to agree a way forward that is satisfactory for both parties”. Creditors can apply to the courts to forcibly liquidate a company if it owes them at least £750. Creditors must prove the business that owes them money cannot pay its debt. If successful, a company's assets are sold to pay off its creditors. The winding up petition was always unlikely to progress far in the courts, g
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BPYPP
Sec Filings
- 5/10/24 - Form 6-K
- 5/3/24 - Form 6-K
- 4/11/24 - Form 6-K
- BPYPP's page on the SEC website