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Noble Group applies for protection in the US

Noble Group has applied for protection of its US assets for as long as the company remains in the process of completing a long-awaited rescue plan.

Photo: Bloomberg

Commodity trader Noble Group has applied for protection of its US assets until it is finished with a restructuring.

According to several media reports, Noble applied for Chapter 15 protection at a US court last week. This means that creditors cannot lay claim to Noble's US assets while the company is restructuring.

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