Cotemar chases ABS affiliate for $59m in New York

AI Summary

Mexican offshore contractor Cotemar has initiated legal proceedings in New York to enforce a $34.8 million Mexican judgment against ABSG Consulting, claiming $59.4 million including interest. The dispute relates to work conducted in the Gulf of Mexico.

Mexican offshore contractor Cotemar has launched legal action in New York seeking to enforce a $34.8m Mexican judgment against ABSG Consulting, a subsidiary of the American Bureau of Shipping. Cotemar values the claim at $59.4m after adding interest under Mexican and New York law. The dispute stems from work carried out in the Gulf of …