{"id":32655,"date":"2023-02-08T22:35:08","date_gmt":"2023-02-08T19:35:08","guid":{"rendered":"https:\/\/www.al-sindbad.net\/arbitrator-dismisses-euronavs-plea-to-intervene-in-frontline-merger-saga\/32655\/"},"modified":"2023-02-08T22:35:08","modified_gmt":"2023-02-08T19:35:08","slug":"arbitrator-dismisses-euronavs-plea-to-intervene-in-frontline-merger-saga","status":"publish","type":"post","link":"https:\/\/www.al-sindbad.net\/arbitrator-dismisses-euronavs-plea-to-intervene-in-frontline-merger-saga\/32655\/","title":{"rendered":"Arbitrator dismisses Euronav\u2019s plea to intervene in Frontline merger saga"},"content":{"rendered":"<p><\/p>\n<div class=\"entry-content entry clearfix\">\n<div class=\"mailmunch-forms-before-post\" style=\"display: none !important;\"><\/div>\n<p>An emergency arbitrator in Belgium yesterday dismissed Euronav\u2019s request to intervene in John Fredriksen-controlled Frontline\u2019s decision last month to <span style=\"text-decoration: underline;\"><a href=\"https:\/\/splash247.com\/john-fredriksen-walks-away-from-euronav-merger\/\" target=\"_blank\" rel=\"noreferrer noopener\">terminate a combination agreement<\/a><\/span> that had been agreed upon by both boards last July.<\/p>\n<p>\u201cEuronav continues to believe that Frontline\u2019s unilateral action in pursuing the termination of the combination agreement has no basis under the terms of the combination agreement and that Frontline failed to provide a satisfactory justification for its decision to pursue termination,\u201d the Antwerp-based tanker firm stated in a release yesterday, adding that further legal measures were being contemplated.<\/p>\n<div class=\"mailmunch-forms-in-post-middle\" style=\"display: none !important;\"><\/div>\n<p>Euronav is under pressure by lead shareholder, Compagnie Maritime Belge (CMB), to change its supervisory board. It revealed yesterday that it had proposed to CMB and Famatown Finance, a Fredriksen finance vehicle, that they each send two new members to the board, something CMB has dismissed and Famatown has yet to respond to.<\/p>\n<div class=\"mailmunch-forms-after-post\" style=\"display: none !important;\"><\/div>\n<div class=\"stream-item stream-item-below-post-content\">\n<div class=\"stream-item-size\" style=\"\">\n\t    <!-- \/91333190\/SPLASH247_*_Splash247_Article_*_Strip_Slot_*_2 --><\/p>\n<div id=\"div-gpt-ad-1_95_0_1_2\">\n<script>\ngoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); });\n<\/script>\n<\/div>\n<\/p><\/div>\n<\/div>\n<div class=\"post-bottom-meta post-bottom-tags post-tags-modern\">\n<div class=\"post-bottom-meta-title\"><span class=\"tie-icon-tags\" aria-hidden=\"true\"><\/span> Tags<\/div>\n<p><span class=\"tagcloud\"><a href=\"https:\/\/splash247.com\/tag\/belgium\/\" rel=\"tag\">Belgium<\/a><\/span><\/div>\n<\/p><\/div>\n<p>splash247<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An emergency arbitrator in Belgium yesterday dismissed Euronav\u2019s request to intervene in John Fredriksen-controlled Frontline\u2019s decision last month to terminate a combination agreement that had been agreed upon by both boards last July. \u201cEuronav continues to believe that Frontline\u2019s unilateral action in pursuing the termination of the combination agreement has no basis under the terms &hellip;<\/p>\n","protected":false},"author":1,"featured_media":32656,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[58],"tags":[],"class_list":["post-32655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tanker-news"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/32655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=32655"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/32655\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/32656"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=32655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=32655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=32655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}