Regional news: Denmark
Freshfields advising as Danish shipping group secures Ch15 relief in Delaware
The Danish bankruptcy trustees of a shipping group that provides services to the offshore wind industry have secured recognition in the US, blocking creditor action brought against it over a failed joint venture.
18 April 2023
Swedish government rejects further capital injection in SAS
A week after Scandinavian Airlines revealed plans to convert US$2.1 billion of its debt into equity and raise almost US$1 billion of cash, the Swedish government announced it will not inject new capital into the struggling company.
08 June 2022
Creditors and court approve Danish pharma restructuring
Copenhagen-based biopharmaceutical company Orphazyme has secured creditor and court approval of its restructuring proposal in Denmark, paving the way for it to sell its assets to US pharma group KemPharm.
31 May 2022
Danish pharma company seeks $13 million asset sale amid US class action
A Copenhagen-based biopharmaceutical company is set to sell its assets to US pharma group KemPharm as part of a restructuring announced last week, after failing to secure European approval to market a new drug.
25 May 2022
“Precedent-setting” derivatives ruling in Danish OW Bunker case
A Danish court has ruled that international companies cannot face lawsuits in Denmark arising out of derivatives contracts with local companies that subsequently go into bankruptcy.
25 June 2018
ECJ ends 13-year dispute over Danish TV station bailout
More than a decade after litigation first began, the European Court of Justice (ECJ) has dismissed efforts to reopen proceedings over the funding and subsequent bailout of a Danish public broadcaster.
09 March 2017
New York court throws out OW Bunker sub-contractee claims
In another victory for Danish marine fuel supplier OW Bunker and its financiers, a New York court has denied maritime liens claims by sub-contractors who provided physical delivery of fuel to OW Bunker clients.
11 January 2017
New York court rejects “misguided” OW Bunker maritime liens claims
A New York district court has rejected claims that bankrupt ship fuel supplier OW Bunker holds maritime liens against five ships whose owners failed to pay it for contracted fuel deliveries, dismissing a cluster of applications brought by ING Bank as the group’s security agent.
01 November 2016
Danish bank escapes EU state aid bill
The EU's General Court has annulled a European Commission decision that a capital injection granted by the Kingdom of Denmark to a Danish bank constituted state aid, relieving the bank of a €42 million bill.
29 September 2016
Italian fuel trader turns to US to stay Danish creditor suits
An Italian fossil fuel trader has filed for bankruptcy protection in a Delaware court to safeguard it from US civil suits launched by Danish creditors.
16 December 2015