The Bond Corporation eventually ran up debts exceeding $6 billion.

Bankruptcy for Bond Corporation, which employs 21,000 people worldwide, would represent the largest company failure in world business records.

This ownership structure only survived for a few years until the collapse of Bond Corporation.

A spokesman for Bond Corporation admitted the action could wipe out the entire group.

Bond Corporation will seek in court hearings today and on Tuesday to defend its viability.

Dempster joined Bond Corporation with responsibility for the company's overall sales operations.

Funding for construction was initially provided by the Bond Corporation, and construction began at the start of 1988.

A complete collapse of the Bond Corporation would result in huge losses at international banks and investment firms.

The possible offer could not be immediately confirmed with officials of the Bond Corporation.

In 1990, Bond Corporation was forced to stop work on the project because of financial difficulties.