Worldview blocks payments to Petroceltic bosses
Scheme would deny bosses $4 million in payments
Take it or leave it. Worldview Capital, the dissident shareholder on the cusp of taking control of Petroceltic, is this weekend facing down efforts by management at the insolvent Irish oil and gas explorer to receive compensation payments.
Worldview, the hedge fund headed by Angelo Moskov, has signalled that it is prepared to allow Petroceltic collapse into liquidation rather than cut a deal with management in relation to “change of control” clauses in ...
