Foreign Trade

Cotemar Files $59.4 Million Lawsuit Against ABSG in New York Over Unpaid Services

Cotemar, a Mexican offshore services company, filed suit in New York's Supreme Court to enforce a Mexican judgment against ABSG Consulting, Inc., a U.S. government contractor, for $59.4 million in unpaid work. Mexican courts ruled in March 2022 and June 2023 that ABSG owed $34.8 million plus interest for logistical support services completed in March 2018 for a Gulf of Mexico drilling rig installation. ABSG has refused payment for more than eight years despite acknowledging receipt of the work.