A commercial judge has recalled a warrant for diligence on the dependence by arrestment and inhibition granted based on an action raised in England by a Scottish offshore company after finding that there was no real or substantial risk that justified the warrant’s continuation.
James Fisher Offshore Ltd, the respondent to the petition raised by Mermaid Subsea Services UK Ltd, argued that its updated 2024 accounts and commitments made by its parent company had ameliorated the petitioner’s concerns about its financial position. The petitioner contended that the…