Tycoon Can't Avoid Prison In Case Over $70M Shipping Debt

By Bonnie Eslinger (September 15, 2021, 3:07 PM BST) -- An appellate court ruled on Wednesday that a Taiwanese shipping magnate cannot escape a two-year prison sentence for contempt of court as he evades a $70 million judgment owed to a Greek shipper, calling him a "serial contemnor."

The Court of Appeal has dismissed the tycoon's appeal, saying the sentence for ignoring court orders "was neither wrong in principle nor manifestly excessive or plainly wrong." (iStock) Court of Appeal Judge Richard Arnold, writing for the panel, dismissed Nobu Su's appeal, saying the sentence of two years' immediate custody for ignoring court orders over his assets "was neither wrong in principle nor...

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