Oscar Engelbert, founder and former CEO of Oscar Properties.
Image: Nicklas Tollesson
In midst of the crisis – Oscar Properties to elect new board
Sweden —
It has been a busy two months for Oscar Properties, which teetered close to bankruptcy and had its restructuring application rejected twice with reference to the fact that the board is not in a decision-making body as it now only consists of the company's founder Oscar Engelbert. He, in turn, sees this as the company becoming "rulerless" and has called for an extra general meeting to be held today with the aim, among other things, of electing a new board and chairman. Nordic Property News takes a closer look at the twists and turns at a company in crisis.
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