Merrill wins Neptune case in Cyprus court

But the saga goes on as the minority shareholders who brought the case make a similar filing in Singapore.

The financing that was put in place by Merrill Lynch to enable the founding CEO of drill-ship owner and operator Neptune Marine Oil Gas to buy control of the company has been given the all clear by a Cyprus court.

Most of the ruling is based on technical grounds, including a decision that the four minority shareholders who brought the case had no legal rights to do so as they are not registered shareholders. However, the judge also gave some...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: neptune | ivar iversen | court case

Print Edition

FinanceAsia Print Edition