Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events

Norwegian court rejects enforcement of German fraudulent transfers ruling

By Kyriaki Karadelis

03 April 2019

Norwegian court rejects enforcement of German fraudulent transfers ruling Oslo, Norway / iStock.com/fotoVoyager

A Norwegian court has refused to enforce a German judgment ordering the CEO of a bankrupt rapeseed oil producer to reimburse it for money transferred away from the company while it was in distress, finding the case fell within a bankruptcy exception to the Lugano Convention.