Following an almost four-year court battle, the High Court sealed an order for costs against Sealegs of around $500,000, to be paid to Orion and Smuggler Marine by May 26, 2020, or proceedings to liquidate Sealegs will commence.
Additionally, a combined damage claim of $11m is being filed against Sealegs. The damage claim arises from the injunction issued in December 2016, which prevented Smuggler, Stryda, Orion and other associated companies from manufacturing and selling amphibious craft.
The injunction was lifted in August 2019 when the Court of Appeal overturned the High Court’s earlier decision. It is anticipated that a date for hearing the damages claim will be granted before year’s end.
Smuggler Marine, Orion and Stryda expect to be back to full production with easing Covid 19 restrictions. All three companies wish to thank their loyal boating community supporters.
