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🇩🇰 Denmark /Economy & Trade

Danish professor: Lawyers may have favored owners over creditors in bankruptcy case

From Berlingske · () Danish

Translated from Danish, summarized and contextualized by DistantNews.

At a glance

News Named sources Under investigation
  • A Danish professor has stated there are strong indications that two lawyers attempted to favor an ownership group over creditors in a bankruptcy case.
  • The professor believes an investigation is warranted to determine if compensation claims should be filed against at least one of the lawyers.
  • He asserts that the lawyers clearly did not act in the creditors' interests, violating bankruptcy law.

A Danish professor has voiced serious concerns regarding the handling of a bankruptcy case involving prominent lawyers, suggesting a potential conflict of interest.

There are very strong indications that Troels Tuxen and Anders Hoffmann Kønigsfeldt have attempted to favor the ownership group at the expense of the creditors.

— Troels LiljaThe professor stated his assessment of the lawyers' actions in a bankruptcy case.

Troels Lilja, a professor at the Law Department of the University of Southern Denmark, stated that there are "very strong indications" that lawyers Troels Tuxen and Anders Hoffmann Kønigsfeldt attempted to benefit the ownership group at the expense of creditors. This assertion comes after reviewing criticism of a previous article published by Berlingske.

It is obvious that it is investigated whether a claim for compensation should be filed against at least Anders Hoffmann Kønigsfeldt as trustee.

— Troels LiljaThe professor suggested legal action against one of the lawyers involved in the bankruptcy.

Professor Lilja believes it is "obvious" that an investigation should examine whether compensation claims should be pursued against Anders Hoffmann Kønigsfeldt, at least, in his role as trustee. "When you do that, you are not trying to sell at the highest possible price. So I believe there is potentially a claim for damages to be made," he stated.

When you do that, you are not trying to sell at the highest possible price. So I believe that there is potentially a claim for damages to be made.

— Troels LiljaThe professor explained why he believes damages could be sought.

He further elaborated on the alleged misconduct, asserting, "I have no doubt that there has been a breach of the bankruptcy law. Troels Tuxen and Anders Hoffmann Kønigsfeldt have clearly not acted in the creditors' interests. They have instead looked after the former owners' interests – including their own client's – and that is not what one should do as a trustee."

I have no doubt that there has been a breach of the bankruptcy law. Troels Tuxen and Anders Hoffmann Kønigsfeldt have clearly not acted in the creditors' interests. They have instead looked after the former owners' interests – including their own client's – and that is not what one should do as a trustee.

— Troels LiljaThe professor detailed his view on the lawyers' alleged violations of bankruptcy law.
DistantNews Editorial

Originally published by Berlingske in Danish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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