Advice to shipping company in connection with vessel fire.

FERRERE Uruguay successfully represented Tsakos Industrias Navales S.A. in a claim filed by the insurer of a Korean maritime corporation seeking to recover millions in damages, when a fishing vessel belonging to a Korean corporation caught fire in a shipyard owned by Tsakos in 2010.

At first instance, the judge ordered the client to pay the damages incurred. FERRERE filed an appeal and had the decision overturned by a Civil Court of Appeals. The plaintiff then filed an extraordinary appeal and the case was heard by the Supreme Court. The Supreme Court cleared Tsakos of all liability. The decision sided with FERRERE´s procedural arguments against admissibility of the claim within the framework of the pertinent contract.