Decision ID: 003707

In June 2010 the 1992 Fund Executive Committee noted that the French State had brought legal action against three companies in the American Bureau of Shipping (ABS) Group in the Court of first instance in Bordeaux to recover costs incurred by the French State in the clean-up operations, totalling €67.5 million. The Committee also noted that the Director intended to examine further, in consultation with the Fund’s French lawyer, the prospects and legal implications of a possible recourse action against ABS in France, with a view to making recommendations to the Committee at a future session. The Committee further noted that the Director did not, for the time being, recommend bringing an action against ABS in Spain.