Dias fish farming applies for Chapter 99

Dias Aquaculture on Wednesday announced its decision to apply for entry into the conciliation procedure under Chapter 99 of the Bankruptcy Law.

The company also announced that it had submitted an application asking for a creditor protection interim order in favor of the company and its subsidiaries.

Following Wednesday’s move, the hearing of the voluntary bankruptcy petition previously submitted by the company was suspended.

Dias was founded in 1992.