Singapore shipping trust FSL Trust has dropped legal action taken last year against former chief executive officer Alan Hatton.
Hatton, who subsequently commenced a counterclaim, quit his role spectacularly in February 2017 following the high profile departures of Esben Poulsson and Simon Davidson from the board. FSL says that both the claim against Hatton and counterclaim against FSL have been amicably resolved and the allegations of all parties are withdrawn.
“With the resolution of this matter, the Company, FSLAM and Mr Hatton look forward to pursuing their business and interests, and wish the other well,” FSL said in a statement.
Hatton is now managing director of Foreguard Shipping, which operates a fleet of eight vessels.