Lawyers for Nordea Bank came out swinging Wednesday in the New York bankruptcy of Russia’s Primorsk International Shipping.

The White & Case legal team for Stockholm-headquartered bank, which is the lead bank on a $530m secured loan facility, allege that the Primorsk Shipping Corp (Prisco) affiliate appears to have violated the loan by diverting charter revenue and locking its ships into long-term charters.

And