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Court orders Roth to make $35m payment in Three Towns deal

The payment, which is to be made within 35 days, must come out of Roth's own assets and resources, the judge ruled

By Neil Ramsden | Jan. 28, 2020 09:38 GMT
Norebos stand at the 2019 Global Fishery Forum and Seafood Expo. Credit: Dan Gibson/Undercurrent News
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Norebo vessel Captain Sokolov. Credit: Norebo

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Norebo vessel Captain Sokolov. Credit: Norebo

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One aspect of the legal disputes between the founders of Norebo Group took a new turn on Jan. 23 with a Hong Kong court's ruling that Magnus Roth should make a $35 million interim payment as he buys Vitaly Orlov out of Three Towns Capital (TTC). [...]

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