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Danish Investors in Bankrupt OW Bunker to Sue IPO Banks

A group of 24 Danish institutional investors in OW Bunker said on Tuesday it would sue Carnegie Investment Bank and Morgan Stanley, accusing both of misleading them about the 2014 listing of the now bankrupt marine fuel oil supplier, Reuters reported. Th ...

Daily Headline - global.abi.org - 09/13/2017 - 17:35 - 0 comments

Lego Suffers First Drop in Revenues in a Decade

Lego suffered its worst financial performance in more than a decade, forcing the Danish toymaker to declare it would overhaul its entire organisation and cut 1,400 jobs. Coming on top of the unexpected ousting of its chief executive last month, the news ...

Daily Headline - global.abi.org - 09/05/2017 - 23:25 - 0 comments

Investors in Bankrupt Fuel Oil Supplier OW Bunker to Sue IPO Banks

A group of institutional investors in OW Bunker said they plan to sue Morgan Stanley and Carnegie for about $80 million, accusing the two investment banks of misleading them ahead of the 2014 listing of the now bankrupt marine fuel oil supplier, Reuters ...

Daily Headline - global.abi.org - 08/31/2017 - 22:22 - 0 comments

Maersk Chief Sees Further Deals in Shipping Container Industry

Container shipping groups will continue to do deals, leaving only five or six survivors in an industry that two years ago had 20 players, according to the chief executive of AP Moller-Maersk, the sector’s dominant company. Soren Skou told the Financial T ...

Daily Headline - global.abi.org - 08/13/2017 - 18:41 - 0 comments

Danish Inflation Rate More Than Triples to Five-Year High

Denmark registered a surge in inflation in July, driven by a sharp rise in the cost of food, drink, restaurants and hotels, pushing the country’s consumer price index above its eurozone’s peers, the Financial Times reported. The leap from 0.4 per cent to 1.5 per cent in year-on-year inflation makes this ...

Daily Headline - global.abi.org - 08/10/2017 - 22:24 - 0 comments

Denmark Charges OW Bunker's Singapore Head with Fraud

Denmark's state prosecutor charged the former manager of OW Bunker's Singapore subsidiary with fraud on Thursday but cleared the Danish management of the failed marine fuel oil supplier of any criminal wrongdoing. OW Bunker filed for bankruptcy ...

Daily Headline - global.abi.org - 07/13/2017 - 22:07 - 0 comments

Maersk Slumps to Only its Second Annual Loss in Seven Decades

AP Moller-Maersk on Wednesday unveiled one of the biggest losses in Danish corporate history as the conglomerate suffered from a weak container shipping industry and massive writedowns on its oil businesses last year, the Financial Times reported. Sh ...

Daily Headline - global.abi.org - 02/08/2017 - 23:07 - 0 comments

Article from INSOL Europe (21 - 27 November 2016) GlobalINSOLvency Editorial Board

On 1 January 2014, Denmark introduced a new law on bankruptcy quarantine. The legislation has now been in force for more than two years and the number of cases is surprisingly high. The article sums up the legislation and some of the case law based on i ...

Resource Article - twallace@abiwor... - 12/28/2016 - 14:53 - 0 comments - 1 attachment

Maersk Unlikely to Buy Troubled Korean Container Ship Operators

Danish conglomerate A.P. Møller-Mærsk A/S isn’t likely to move to buy either Hyundai Merchant Marine Co. or Hanjin Shipping Co. contrary to industry speculation that it would take over either one or both of the troubled Korean cargo ship operators, accor ...

Daily Headline - global.abi.org - 10/03/2016 - 19:09 - 0 comments

Danes Need To Prepare For Irish Style Property Slowdown

Denmark’s biggest mortgage bank is reminding homeowners that a seemingly unstoppable series of price gains can end, and even go into reverse, the Irish Times reported. Chief analyst at Nykredit, Mira Lie Nielsen, says Danish people need to put the po ...

Daily Headline - global.abi.org - 08/09/2016 - 22:41 - 0 comments

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