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Saint-Louis Agricultural Company faces judicial liquidation
via SeneNews1 min read
The Saint-Louis Agricultural Company CASL SA is experiencing a critical period, facing judicial liquidation. The Commercial Court noted the company's cessation of payments as of May 20, 2022, following a request from Star Oil, one of CASL SA's creditors. The court has ordered the liquidation of the company's assets and appointed Isma Dadis Sagna as the liquidator. Magistrate Sildou Diouf has been named supervising judge-commissioner. A period of 18 months has been set for the completion of the procedure, after which a report on the liquidation operations must be submitted. This judicial decision marks a significant turning point for the company, potentially leading to the disappearance of a major entity in Senegal's agricultural sector.
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This summary was AI-generated from a story originally published by SeneNews.
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