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Frøya, 20 June 2023 Reference is made to the announcement on 5 June 2023 regarding the agreement entered into by Falcon Bidco AS , a company indirectly wholly owned by infrastructure funds... | June 20, 2023
Norway-based SalMar has reached an agreement to sell its wellboat and aquaculture service subsidiary Frøy to Goldman Sachs.
Introduction In November 2020 the limitation fund established following the grounding of the Full City near Langesund in 2009 was finally distributed. The limitation fund proceedings, which ran parallel to the proceedings concerning the limitation fund established following the Server casualty in 2007, have helped to clarify several procedural aspects of limitation funds. The Full City grounding caused a major oil spill, which led to: a state-led clean-up operation; civil claims for damages against the owners.(1) This article examines the key takeaways from the limitation fund proceedings now...