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News  ›  GlobeNewswire Inc.

Havila Shipping ASA : DNB, Swedbank and Danske Bank demand prepayment of outstanding debt

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Havila Shipping ASA : DNB, Swedbank and Danske Bank demand prepayment of outstanding debt

Havila Shipping is in a legal dispute with DNB Bank, Swedbank, and Danske Bank over a restructuring agreement. The banks claim a breach of contract and demanded prepayment, while Havila disputes the claims and plans to appeal the Oslo District Court's unfavorable ruling.

Insights
MSS   negative

Allegations of making false statements in IPO registration, including undisclosed related party transactions and potential fraud


HVIPF   negative

Lost court case, facing potential financial and legal challenges from banks, and must appeal the judgment