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The manager will determine what he can salvage from a legacy of decline that has left Motown on the cusp of bankruptcy. Cerberus, an equity player who had acquired a majority stake in Chrysler from German auto giant Daimler-Benz in 2007, went into bankruptcy in 2009. automaker from going the way of the dinosaurs.
The economic hardships that have resulted have exposed many businesses to financial strain and led to an increased number of high-profile insolvencies and bankruptcies. Converteam SAS has held that under the New York Convention, only a party to a signed arbitration agreement can compel arbitration.
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