Solstad class action claims initiated against board members of SOFF
Reference is made to the refinancing of Solstad Offshore ASA (“SOFF“) as set out in SOFF’s stock exchange communications of 23 October 2023 and 16 January 2024.
The board members and the CEO of SOFF have been notified that Kistefos AS and Kistefos Investment AS have filed a class action claim against them and Aker Capital AS before Ringerike, Asker and Bærum District Court in order to seek compensation for the alleged losses incurred by Kistefos AS and Kistefos Investment AS a result of the refinancing.
No claims have been made by the Kistefos entities against SOFF.
The board members and the CEO of SOFF consider that the claim of Kistefos AS and Kistefos Investment AS is without merit. The board’s view of the refinancing is set out in its letter to the shareholders of 16 January 2024, as attached to its stock exchange communication of the same date.
Related News.
Beyond Compliance to Uninterrupted Operations: Delia Shipping’s Konstantinos Stais on Maritime Cyber Resilience, LEO Expansion, and AI Governance
As the global maritime industry navigates an era of intense digital acceleration, the traditional boundaries separating shipboard operational…
Chinese AI quietly writes hackable code for Beijing’s Adversaries, even when run locally, study finds
Qwen3-Coder wrote hackable apps 19% more often for US defense contractors and leaked data 28% more often for Hong Kong activists, AI security firm…
Industry leaders launch world’s first maritime-specific cyber vulnerabilities database
Cydome, ClassNK, Bureau Veritas, MTS-ISAC and Rakuten Maritime announce the “Blue Initiative”, an open collaboration to improve maritime cyber…
Businesses increasingly adopt AI for cybersecurity while individuals expand privacy protections
As cyber threats grow and digital technologies become more pervasive, businesses are increasingly using AI to strengthen…
EmissionLink calls for EU ETS revenues to fund maritime carbon capture trials and port infrastructure
Maritime emissions specialist, EmissionLink, has called for a dedicated proportion of EU Emissions Trading System (EU ETS) revenues to be invested…
Port of Antwerp-Bruges sees strong recovery in container throughput in volatile trading environment
In the first nine months of 2026, Port of Antwerp-Bruges handled 200.9 million tonnes of goods, 0.8% less than in the same period last year.…
Sanctions risks reshape commodity trading
Traders face sanctions challenge “odyssey” as geopolitical risks reformat global markets Commodity traders are operating in an increasingly…
Titan analysis shows FuelEU pooling propelled liquefied biomethane demand
- Clean fuel supplier evaluates compliance for 8,000 TEU containership operating in Northern Europe - FuelEU Maritime balances competitiveness…
Russian diesel tanker heads to New York as Kremlin claims regular shipments
Malta-flagged tanker should carry 40,000 mt fuel Agioi Fanendes left Primorsk Oct. 22: CAS US lifts sanctions, enables Russian imports……
Pilot transfer operation: A safer step aboard
Safe pilot transfer operations depend on both correct procedures and fit-for-purpose equipment. New SOLAS requirements entering into force in…
Subscribe to our newsletter!
if you dont want to swim alone in the ocean of news, sign up for the newsletter, and you will receive daily all the important news of world shipping!
