• Reference
  • 20 September 2011

Bech-Bruun wins substantial case for the estate of Synerco ApS

Bech-Bruun has won the first of two substantial cases instituted by the estate of Synerco ApS against, among others, Capinordic Bank A/S in bankruptcy under the Danish Financial Stability Company.

The court in Lyngby found in favour of the estate of Synerco A/S concerning its claim against the insolvent estate of Capinordic Bank A/S and a sister company to the bank in the amount of DKK 21 million plus interest from the autumn of 2009, as well as costs in the amount of DKK 850,000. The Danish Financial Stability Company guarantees the payment.

The court held that it was documented that at the end of September 2008, Capinordic Bank A/S improperly exploited its knowledge of the insolvency of Synerco ApS to push the price of an option down from the agreed price of DKK 30 million to DKK 9 million.

The estate of Synerco ApS was also successful in its claim against SBS Estate A/S in the amount of DKK 7.5 million.
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