COLUMN | Bourbon bites the bankruptcy bullet [Offshore Accounts]

Nobody likes to receive unexpected bills. Imagine the shock of Bourbon Corporation’s CEO, Chairman, Founder, and de facto controlling shareholder, Jacques de Chateauvieux, when he opened his mail last month and received a pile of letters of demand from the Chinese finance company ICBC Leasing. Mr de Chateauvieux was on the record that his company had been engaged in “amicable negotiations” to reschedule his company’s debts to ICBC in light of the offshore industry crisis. Now the pile of payment claims on his desk showed that the situation was clearly no longer “amicable.”

Belgium, Netherlands sign minehunter contract

The defence ministries of Belgium and the Netherlands have signed a €2 billion (US$2.27 billion) contract with a consortium formed by Naval Group and ECA Robotics for the supply of six new mine countermeasures vessels (MCMVs).

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