The Bottiglieri family have won their latest legal battle with a Greek-Italian rival over the future of Italian bulker and tanker owner Giuseppe Bottiglieri Shipping Co (GBSC).
A court in Italy has rejected an appeal launched by Lighthouse, a joint venture formed by Petros Pappas-led Oceanbulk Maritime and Raffaele Zagari-led Augustea Holdings.
Lighthouse made the legal move in February after a court blocked its earlier bid to win creditor support for an alternative restructuring plan for GBSC.
