Oil Tank Owners Told To File Docs In $8.1 Loan Fight

Law360, London (February 25, 2020, 5:33 PM GMT) -- The owners of a damaged oil tanker will forfeit the right to have experts defend them in a $8.1 million High Court loan fight if they do not cough up undisclosed documents by March, a judge has said.

Judge Christopher Butcher said Sunday that Renzlor Shipping Ltd. and Oceanwide Shipping Ltd — and a third defendant, the shipper's guarantor, Alexandros N. Tranos — have failed to comply with a number of court orders in a lawsuit brought by Greek lender Aegean Baltic Bank over defaulting on millions in loans, interest and emergency payments taken out against the vessel over a 10-year period....

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