Finance

Aker BioMarine is considering appealing Rimfrost judgment

The krill company Rimfrost won the trial that Aker BioMarine applied to Rimfrost related to patents for krill processing. The counterparty is considering appealing the judgment.

– The court has assumed that the sellers’ position was weaker than we were told. We are now considering whether to appeal, this in order to secure our values ​​and investments, says Communications Manager Ingeborg Tennes in Aker BioMarine to Dagens Næringsliv.

The controversy between the two companies concerns the patented technology of the jewel drill Juvel, which was forcibly sold when Emerald Fisheries went bankrupt. Rimfrost owned the krillrederiet and believes they also owned the patents. The Aker company, for its part, believes that the patents followed the forced sale in May 2017.

– We wanted access to a ready-made krill boat with associated technology to strengthen our fleet and to start immediate operation. It was our and the sellers’ understanding that the purchase of Jewel included both the boat and associated production technology, says Tennes.

The krill company is fully upheld in the judgment passed in Søre Sunnmøre District Court Friday where it is also said that Aker BioMarine has lost all points.

In addition, Aker is ordered to replace Rimfrost’s case costs of NOK 2.3 million.

– We are very satisfied with the court’s judgment. It appears to be thoroughly and solidly founded. We notice that the court has not been in doubt about the result, says lawyer Ronny Lund, who has been a proxy for Rimfrost in the case.

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