Decision ID: 000381

In October 1994 the 1971 Fund Executive Committee instructed the Director to seek further legal advice as to the possibility of taking successful legal action in Sweden against the Swedish Club (shipowner’s insurer) to recover the amount paid by the Fund. It was decided that the Fund should not pursue its action against the company managing the ship, nor against its individual directors and that the action against the shipowner should be pursued only to the extent required to preserve the possibility of taking action against the Swedish Club.