Creditors advance a new claim against Thor Stadil following shipping bankruptcy

Chair of Thornico group Thor Stadil has been saddled with a DKK 200 million claim after a contentious bankruptcy in the Stadil family's shipping business. Stadil dismisses the claim.

Chair of Thornic group Thor Stadil rejects new claim following bankruptcy of shipping line. | Photo: PR / Skovdal / Thornico

Creditors behind the Stadil family's bankrupt shipping line have brought a personal claim against Thor Stadil, accusing him of pulling assets from the ailing companies in the years before going out of business in May 2020.

The claim against chair Thor Stadil and chief executive officer Thomas Mikkelsen runs to DKK 200 million (USD 31 million) and has been issued because the company's management sold several shipowning companies to itself at cut prices when things started to go awry in the shipping business, according to the bankruptcy trustee.

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