Rubicon has earlier also filed claims against KrisEnergy and the Thai subsidiary in relation to a bareboat charter dated October 2014. Under this charter, KrisEnergy had also issued a guarantee to secure the performance of KEGOT’s obligations to Rubicon.filed against KEGOT in February this year, as well as a letter of demand sent to KrisEnergy in August last year for the repayment of US$2.6 million from a UK court judgment.
On Monday, KrisEnergy said that KEGOT, as the charterer under the bareboat charter, has issued legal proceedings against Rubicon in the High Court of Justice - Business and Property Courts of England and Wales. KEGOT is seeking, among other things, damages for breaches of the charter, damages for misrepresentation and an indemnity in respect of the amount awarded by the English High Court for the claims under the bareboat charter guarantee.to restrain Rubicon from taking any enforcement steps including pursuing the winding up of KrisEnergy in any jurisdiction.
Source: News Formal (newsformal.com)
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