Independent journal on economy and transport policy
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Out-of-court transaction for the taken lacked one in delivery of the cruise ship Norwegian Dream
The Louis Cypriot will pour to Genting Hong Kong the total sum of 14,5 million dollars
June 10, 2011
The Cypriot group Louis has announced to have agreed an out-of-court transaction with the Genting Hong Kong Ltd (new corporate name of the crocieristica company Cruises Star) with respect to the taken lacked one in delivery of the cruise ship Norwegian Dream that Louis did not have intentional to introduce in own fleet being canceled the agreement for the purchase of the ship which signed in 2008 ( on 23 April, 30 september and 2 October 2008).
The out-of-court agreement previews that Louis backs to Genting the total sum of 14,5 million dollars and that the Cypriot society you withdraw the riconvenzionale question introduced regarding Genting/Cruises Star. Louis has specified to have already poured the sum of five million dollars, while remaining 9,5 million are payable on the base of installments anniversaries without interests over a period 3,5-year-old.
Louis has remembered that as a result of the revocation of the initial agreement Cruises Star had started a procedure of arbitrateed demanding a compensation of the value of 21,8 million dollars more the interests and the expenses, while in its turn Louis had introduced a riconvenzionale question asking a compensation for six million euro.
Louis has announced that, because of the compensation of 14,5 million dollars that will be recorded as not recurrent burden, the liabilities clearly previewed for the exercise anniversary 2011 will be advanced to the totaled net loss in 2010, that had been pairs to 10,2 million euros.
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The Cypriot group Louis has announced to have agreed an out-of-court transaction with the Genting Hong Kong Ltd (new corporate name of the crocieristica company Cruises Star) with respect to the taken lacked one in delivery of the cruise ship Norwegian Dream that Louis did not have intentional to introduce in own fleet being canceled the agreement for the purchase of the ship which signed in 2008 
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
