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Denmark's Tanker Company Torm Agrees On Debt Restructuring

Debt-stricken Danish tanker operator Torm said on Monday it had agreed a deal with group of its lenders and Oaktree Capital Management, a large U.S. investor in distressed debt, to restructure the company, Reuters reported. The Danish company is one of t ...

Daily Headline - global.abi.org - 10/27/2014 - 22:14 - 0 comments

Rights in Aircraft Engines under Danish Law

On 3 May 2012, interchanges occur frequently. bankruptcy proceedings On the basis of the engine were commenced documentation, the trustees against the Danish airline established that the engines had... (Denmark, Europe) bankruptcy,insolvenc ...

Resource Article - twallace@abiwor... - 09/18/2013 - 15:32 - 0 comments - 1 attachment

Denmark to Cut Corporate Tax Rate

Denmark, battling a stagnant economy and concerns about a productivity gap with other nations, is planning to slash its corporate taxes in phases over the next three years to better stack up against other countries in the region, The Wall Street Journa ...

Daily Headline - global.abi.org - 02/27/2013 - 00:14 - 0 comments

Airline SAS's Survival Talks With Unions Extended Into Monday

Troubled Scandinavian airline SAS and its labor unions on Monday pushed on with talks aimed at ensuring the group's survival and avoiding bankruptcy after a midnight deadline for a deal passed, The Chicago Tribune reported on a Reuters story. Th ...

Daily Headline - global.abi.org - 11/18/2012 - 21:23 - 0 comments

Scandinavian Airline SAS Sets Restructuring

SAS AB on Monday said it would cut salaries and more jobs as part of a new restructuring plan that is dependent partly on the support of labor unions, as the Scandinavian airline carrier tries to convince investors of its long-term future, The Wall Str ...

Daily Headline - global.abi.org - 11/12/2012 - 23:37 - 0 comments

Tønder Bank's Bankruptcy Leads To Sector-Wide Scrutiny

The Danish bank Sydbank has agreed to take over all activities of local rival Tønder Bank, The Copenhagen Post reported. The deal came after Finanstilsynet (FSA), the financial supervisory administration, said last Friday that Tønder Bank didn't ...

Daily Headline - global.abi.org - 11/05/2012 - 22:05 - 0 comments

Indonesian Shipper Hopes For $2 Billion Debt Restructure By Year-End

Indonesia's PT Berlian Laju Tanker , the world's third-largest chemical shipper, hopes to restructure its $1.9 billion debt by the year-end and will switch its focus to niche liquid chemical and gas transport, its founder and chairman said in a ...

Daily Headline - global.abi.org - 10/03/2012 - 22:45 - 0 comments

NIB Turns To Head Office For Cost Reduction

Danish-owned National Irish Bank (NIB) will turn its attention to its head office after completing a round of cuts that will see it lay off one-quarter of its workers and shutting its retail operation, the Irish Times reported. NIB, owned by Danske B ...

Daily Headline - global.abi.org - 09/16/2012 - 21:38 - 0 comments

World Watches As Danes Venture Below Zero

central bank lowered its main deposit rate for banks – the certificate of deposit or CD rate – to -0.2 per ...

Daily Headline - global.abi.org - 08/23/2012 - 22:28 - 0 comments

NIB Reports €401 Million Pretax Loss

The charge for bad loans at National Irish Bank will remain high for the remainder of the year before falling, the head of the Danish bank’s Republic of Ireland operations said, as the bank reported a pretax loss of €401 million for the first half of the ...

Daily Headline - global.abi.org - 08/08/2012 - 20:55 - 0 comments

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