Sunday Business Post Irish Business News: "Donegal trawler company sues state
29 April 2007 By Ian Kehoe
The company behind one of the country’s largest supertrawlers has launched a multimillion-euro legal action against the state, claiming the government unlawfully reduced its fishing quota.
Atlantean, a Donegal company that operates a vessel of the same name, has taken judicial review proceedings in the High Court against the Department of Communications, Marine and Natural Resources.
The company is also seeking €4million in damages. If Atlantean is successful, more than a dozen other vessels could take similar actions.
The potential liability to the state is estimated at between €60 million and €80 million. Atlantean is owned by Dublin-based fisherman Des Faherty, but operate s from Killybegs in Co Donegal. The case has now been listed for hearing in the Commercial Court, the part of the High Court which fast-tracks multimillion euro business disputes."
No comments:
Post a Comment