When last we visited the situation with the Adak Island processing plant, landlord Aleut Enterprise and tenant Adak Seafood reported they were trying to work out a settlement of their lease dispute.
Now it appears this has fallen apart. What's more, the Norwegian principal behind Adak Seafood apparently won't be operating the plant during the upcoming cod season.
How does Deckboss know this?
The details are in two very interesting documents filed yesterday in U.S. District Court in Anchorage, where the landlord-tenant fight is playing out.
The first document is this status report to the court. Interestingly, Aleut Enterprise filed this jointly with Independence Bank, which has millions of dollars in outstanding loans at stake and had been an Adak Seafood supporter.
The second document is an e-mail from Asbjorn Drevik of Norway informing Aleut Enterprise that he has been unable to raise the money to operate at Adak.
Well now.
The big questions at this point would seem to be: Who will run the Adak fish plant? And can it be readied in time for the fishing season?
Showing posts with label Drevik. Show all posts
Showing posts with label Drevik. Show all posts
Thursday, December 2, 2010
Tuesday, September 29, 2009
Possible buyer of Adak fish plant comes clearer
I've been able to peel away a bit of the mystery surrounding a potential buyer of the assets of Adak Fisheries, which has filed for bankruptcy.
The processor's main creditor, Independence Bank of Rhode Island, is asking the court to OK a sale to an outfit called Adak Seafood LLC.
As you might recall, Deckboss was unable to tell you very much about Adak Seafood a few days ago.
A friendly reader has since steered me to the following fine print in certain court documents:
Adak Seafood's address is care of a law firm in Providence, R.I.
The company's managing member is listed as Asbjorn Drevik.
Adak Fisheries, in its bankruptcy filing, listed Norwegian seafood company Drevik International AS as a top creditor with a "disputed" $3.8 million claim.
In checking Drevik International's Web site, I see an Asbjørn Drevik listed as a company contact.
The next hearing is scheduled for Oct. 7 in the bankruptcy court in Anchorage.
The processor's main creditor, Independence Bank of Rhode Island, is asking the court to OK a sale to an outfit called Adak Seafood LLC.
As you might recall, Deckboss was unable to tell you very much about Adak Seafood a few days ago.
A friendly reader has since steered me to the following fine print in certain court documents:
Adak Seafood's address is care of a law firm in Providence, R.I.
The company's managing member is listed as Asbjorn Drevik.
Adak Fisheries, in its bankruptcy filing, listed Norwegian seafood company Drevik International AS as a top creditor with a "disputed" $3.8 million claim.
In checking Drevik International's Web site, I see an Asbjørn Drevik listed as a company contact.
The next hearing is scheduled for Oct. 7 in the bankruptcy court in Anchorage.
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