(Dec 14): Embattled commodity trader Noble Group is on track to complete its mammoth restructuring deal after a Bermuda court approved an officer to carry out the plan, using a local kind of insolvency process.

See: Noble says to take 'alternative' restructuring process without transfer of listing to New Noble

In a brief court hearing on Friday, the judge called the company insolvent and allowed a court-appointed officer to oversee the restructuring.

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