01-03-2016, 11:35 AM
And no one sits still when the dark heart of the beast is challenged, I suppose.
From Lloyds List
Quote:100. Nobu Su, TMT
- Friday 12 December 2014, 00:01
- by Lloyd's List Editorial
- TOP 100
Su: our final entry in the Top 100 has turned showing up in court into a spectator event.
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Lawsuits and court appearances have become the order of the day for the Taiwanese tanker owner
BATTLING to retain a piece of his one-time financial empire, Taiwanese tanker owner Nobu Su has turned showing up in court into a spectator event.
A suit filed in November through Mr Su's F5 investment company is seeking damages for dilution of shareholdingsfollowing the merger of Star Bulk and Oceanbulk, and the subsequent purchase by the merged entity of Excel Maritime Carriers' 34 bulkers.
The Taiwanese owner was a co-founder of Star Bulk alongside Petros Pappas in 2006 and served as co-chairman and then director until 2008, when he resigned after a "falling-out" with the Greek owner. He has blocked the merger from the outset.
Also in November, Mr Su was defeated in London High Court in alawsuit brought by Greek shipowner Polys Haji-Ioannou involving the sale by Mr Su, with an agreement to repurchase at a higher price, of forward freight agreements to the Greek owner in 2008. Mr Su failed to repurchase because of a cash crunch.
In July, Mr Su brought a suit against New York-listed Vantage Drilling, in which he owns a 33% stake. Vantage sued the Taiwanese owner in 2012 in Houston, Texas, for breach of fiduciary duty and fraud involving a dispute over a deal transferring ownership to Vantage of four jack-up rigs and two deepwater drillships.
Vantage says Mr Su had lied about the financial dispensation of the contracts on some of the vessels.
Mr Su, as chairman of Today Makes Tomorrow, appeared in the Top 100 for the first time in 2013.
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From Lloyds List
The shadow is a moral problem that challenges the whole ego-personality, for no one can become conscious of the shadow without considerable moral effort. To become conscious of it involves recognizing the dark aspects of the personality as present and real. This act is the essential condition for any kind of self-knowledge.
Carl Jung - Aion (1951). CW 9, Part II: P.14