Filter content by area of interest
Ports & Terminals
Port AuthoritiesContainerBulkBreakbulk/General CargoRo-Ro/AutomotiveGTOs
Cargo Handling Equipment
STS CranesYard CranesMobile CHERo-Ro EquipmentBreakbulk EquipmentLow ThroughputBulk Handling Equipment
Shipping & Logistics
Container ShippingBreakbulk/General CargoRo-Ro ShippingDry Bulk ShippingLiquid cargoesLogistics
ICT
TOSPlanning & Optimisation TechnologyWiFiMobile ComputingPort Community SystemsAsset Tracking & Monitoring
Automation
Automated EquipmentGate AutomationRemote ControlProcess Automation
Multimodal
RailInland WaterwaysShortsea ShippingRoadAir-Cargo
Container Industry
Container manufactureContainer leasingRepair/StorageTradingConversion/Innovation
Refrigeration
Operations/TransportContainer leasingEquipmentM&R/Storage
Breakbulk
General cargoProject Cargo/Heavy LiftForest productsRo-Ro/AutomotiveAgribulks
Safety & Security
InsuranceHazardous cargoLashings/SecuringLegal/Regulatory
Civil Engineering
Port & terminal construction/designCivil & Consulting EngineersDredging & ReclamationMooring & FenderingLightingPaving & Surfacing
Environment
Business
InsuranceLegal/RegulatoryAppointments/PeopleMergers/Acquisitions/RestructuringFinance/Financial ResultsTrade & Professional AssociationsBusiness/Commerce Miscellaneous
 View all Topics View all Topics A-Z
More View all Topics View all Topics A-Z

You are viewing 1 of your 1 guest articles


register  or  login  for full access to online news

€Ms claimed against former Beluga managers

Almost eight years after the insolvency of Beluga Shipping, a trial has commenced over € millions of claims against three former Beluga managers

Linked InTwitterFacebookeCard

While Hansa Heavy Lift, which rose from the ashes of Beluga, was declared insolvent less than two weeks ago, the legal suits against Beluga go on.

 

The latest case, initiated by the liquidator of Beluga, Edgar Grönde, covers claims of between €17,500 and €22M and total €24M. The accused are alleged to have spent the money only a few weeks before the insolvency request was placed with the Bremen court in 2011, and that they spent it knowing that the group was already. Grönde is requesting the money back to distribute it among creditors.

 

At the start of proceedings, the court ruled that around one third of the claims are legally without foundation and it will deal with the rest during 2019. The next court session is on 21st February.

 

The complaints have been filed against one long term Beluga managing director and two managers from Oaktree. Niels Stolberg, the founder of Beluga, who has already been found guilty of fraud and financial misappropriation and is fighting a custodial sentence, is not accused in this particular action, as the liquidator has already filed suits running into several millions of euros against him.

 

The chairman of the court Michael Brünjes spoke about financial compensation, but without mentioning sums.

Linked InTwitterFacebookeCard

You may also be interested in...

ZPMC moves in

Bunking up the logs for easy moves

Pulp facts to the fore in Montevideo

Hyster clamps up on reel handling

Sizing up the breakbulk market

Getting on the intermodal track

Related Stories

Antwerp and Zeebrugge in merger talks

Antwerp and Zeebrugge are embarking on formal negotiations for an amalgamation,...

Setback for Gateway Basel Nord

The trimodal Gateway Basel Nord (GBN) project, being taken forward by an ad hoc...

MSC gives Northern Sea Route the cold shoulder

MSC says it "will not explore or use the Northern Sea Route between Europe and A...

Long Beach wins AAPA awards

The Port of Long Beach has earned four awards from the American Association of P...
Linked In
Twitter