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SCRA.pk (.04) Sea Containers-SCRA wins GE SeaCo arbitration case
Thursday, December 06 2007 - 7:21

SCRA $0.04 $-0.004 (%-9.09)

<org>Sea Containers Ltd, which owns half of the common equity in GE SeaCo SRL, has won the arbitration case brought against it by GE Capital, the co-owner of GE SeaCo. The Arbitrator found that, for numerous reasons, when Mr. James Sherwood stepped down from his position at Sea Containers, there was no change of control that might have triggered any right of GE Capital to purchase Sea Containers' interest in GE SeaCo.