05/02/2014 09:36
The owner and operator of "SEA DIAMOND", companies associated to LOUIS PLC, are called, upon decisions of the Piraeus Court of First Instance and if these decisions are not overturned by the Court of Appeal, to pay to the Greek State and the Municipality of Thira a total €14 million.
According to the announcement released by Louis, they are also called to salvage the wreck.
It is noted that the companies will lodge appeals against the aforementioned decisions and, therefore, whether these obligations will exist and to what extent will be judged by the Court of Appeals of Piraeus.
The companies have every reason to expect that the decisions will be overturned.
Sea Diamond sank off the coast of the Greek island of Santorini in 2007 after hitting a reef.
According to the announcement released by Louis, they are also called to salvage the wreck.
It is noted that the companies will lodge appeals against the aforementioned decisions and, therefore, whether these obligations will exist and to what extent will be judged by the Court of Appeals of Piraeus.
The companies have every reason to expect that the decisions will be overturned.
Sea Diamond sank off the coast of the Greek island of Santorini in 2007 after hitting a reef.
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