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Shipper Chasing Tycoon For $60M Bolsters Contempt Bid
Law360, London (December 11, 2020, 6:09 PM GMT) A London judge on Friday permitted a Greek shipping company trying to enforce a $60 million judgment against a Taiwanese shipping magnate to beef up its request to have him imprisoned for the third time for allegedly thwarting its efforts to secure his assets.
High Court Judge Neil Calver granted the request from Lakatamia Shipping Co. to amend its committal application to add 11 more alleged contempts of court against the tycoon, Nobu Su. If found guilty, he faces a potential maximum sentence of two years imprisonment.