Offshore Shipping Online

A publication for the offshore shipping industry published by Clarkson Research

  • Offshore Intelligence Monthly
  • Menu

    Claim against Armada Seismic Invest II AS dismissed

    Company News // March 4, 2016

    Referring to a stock exchange announcement of 14 June 2012, in which GC Rieber Shipping ASA announced that its subsidiary, Armada Seismic Invest II AS had received a claim from Arrow Seismic Invest II Limited (now: PGS Geophysical (UK) Limited) amounting to approximately Euros 9 million, the company has announced that, after various delays due to procedural issues, the dispute has now been adjudicated in the Bergen district court, which rendered its decision 2 March 2016.

    The claim against Armada has been dismissed, and Armada has been awarded full legal fees in the amount of NKr 3.4 million. GC Rieber cautioned hat the decision may be appealed.

    More articles from this category

    More news