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Parties facilitating financing in shipping industry must consider law of transferor's domicile

Attorney (Supreme Court)
+45 60 15 58 60

Two Danish OW Bunker companies gave a foreign bank security against the companies' ordinary claims. The companies subsequently became subject to insolvency proceedings. The insolvent estates' ability to extinguish the security was governed by Danish law, as the foreign bank had derived its right from the Danish companies as transferors.

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