Prosafe files a counter-appeal in the TSV Safe Scandinavia conversion court case
Reference is made to press release dated 19 April 2018 in which Prosafe informed that Westcon had appealed the court judgement regarding the TSV Safe Scandinavia conversion. Prosafe informs that the company has filed a counter-appeal today, the company said in its press release.
On 8 March 2018, Stavanger City Court issued its judgement in favour of Prosafe in respect of the dispute between Westcon Yards AS (Westcon) and Prosafe relating to the conversion of the Safe Scandinavia into a tender support vessel. The Court decided that Westcon must pay Prosafe NOK 344 million plus interest and NOK 10.6 million legal costs.
Prosafe will continue to defend its case in order to maintain or improve on the result in the first instance.
Prosafe is a leading owner and operator of semi-submersible accommodation vessels. The Company is headquartered in Larnaca, Cyprus and listed on the Oslo Stock Exchange with ticker code PRS.