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Unfitness case against Thor Stadil and Thorco executive set to begin

The court case about disqualification for unfitness against Thor Stadil and Thorco CEO Thomas Mikkelsen now begins. In a comment to ShippingWatch, Stadil calls the case "nonsense". He risks losing the right to manage a company.

Photo: PR / Skovdal / Thornico

The intricate case about the bankruptcy of Thor Shipping is now headed before a Danish court along a demand that Thornico Chairman Thor Stadil be stripped of his right to operate a business for up to three years.

Trustee of the bankrupt estate, lawyer Troels Tuxen, believes there to be a basis for nominating both Stadil but also CEO Thomas Mikkelsen for so-called disqualification for unfitness. The Danish probate court in Odense has allowed such a case to begin within a few weeks.

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