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Havila Shipping ASA Appeals Court Ruling in Dispute with Banks

Story Highlights
  • Havila Shipping ASA is in a legal dispute with three banks over a restructuring agreement.
  • The company plans to appeal a court ruling against it and disputes the banks’ claims.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Havila Shipping ASA Appeals Court Ruling in Dispute with Banks

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Havila Shipping ASA ( (DE:H4S) ) just unveiled an update.

Havila Shipping ASA is currently engaged in a legal dispute with DNB Bank ASA, Swedbank AB, and Danske Bank A/S over a restructuring agreement. The Oslo District Court ruled against Havila, prompting the company to appeal the decision. Despite the ruling, the banks are demanding prepayment and threatening legal action, but Havila maintains that these claims are unfounded and plans to seek compensation for any losses incurred.

More about Havila Shipping ASA

Average Trading Volume: 156,522

Current Market Cap: NOK286.2M

See more insights into H4S stock on TipRanks’ Stock Analysis page.

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