Updates on insolvency proceedings

The trustee is according to section 125 of the Danish Bankruptcy Act obliged to provide information about the affairs of the estate to the bankruptcy court. The information is listed below.

Report under section 125(1) of the Danish Bankruptcy Act

 

Following Paragraph 40 second subparagraph of the Bankruptcy Act, foreign currency receivables will be settled at the exchange rate on the day the bankruptcy was declared. The following exchange rates will be used:

                                  Currency Exchange rate as of 20th December 2018
                                         DKK                                                              1,0000
                                         EUR                                                              7,4672
                                         GBP                                                              8,2661
                                         NOK                                                              0,7545