Tameh Czech requests bankruptcy amid failed reorganization efforts

Tameh Czech, a former energy supplier to Liberty Ostrava, has asked the court to change its reorganization to bankruptcy. This is because Liberty Ostrava's financial problems have hurt Tameh's sale process. Tameh was declared insolvent last December and first tried reorganization but found no offers that met the required value. Even in bankruptcy, Tameh will keep looking for a buyer. The company's insolvency was caused by Liberty Ostrava's unpaid debts. This situation is likely to lead to mass layoffs at the steelworks, which is in a region facing economic and social challenges.