VT Halter Marine Demands Payment from Ezra

Ezra Holdings has received another statutory demand, this time from the solicitors of VT Halter Marine (VTH) in relation to a claim made against EMAS Chiyoda Subsea (ECS) formerly known as EMAS-AMC.

EMAS Chiyoda Subsea owes a sum of some US$3.3 million together with accruing interest, in which Ezra acts as the parent corporate guarantor for the loan agreement.

Ezra owns 40 percent of Emas Chiyoda Subsea (ECS), who has already filed voluntary petitions for reorganisation under chapter 11 of the U.S. Bankruptcy Code.

VTH has given Ezra twenty one days to pay up, otherwise VTH may apply for ECS to be wound up on the ground the company is unable to pay its debts.

Subsea World News Staff

Share this article

Follow Subsea World News

Events>

<< Nov 2017 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

Underwater Intervention 2018

UI 2018 will draw the industry’s leaders from across the country and around the globe to gather for 3 days of networking…

read more >

OFFSHORE DECOMMISSIONING CONFERENCE 2017

The conference will build upon previous sell-out events and will encompass numerous keynote sessions all focused on the latest decommissioning…

read more >

Subsea Connect Americas

Subsea Connect Americas is the annual gathering for the submarine communications industry operating in North, South & Central America…

read more >

Future Energy Asia Exhibition & Conference (FEA) 2018

The transformation and development of Thailand is a major priority for the government which creates incredible business opportunities…

read more >