Tag Archives: right of first refusal agreement

A legal dispute over the sale of boats owned by Carlos ‘The Codfather’ Rafael is heading to court

Carlos Rafael, whose fishing operations were based out of New Bedford, Massachusetts, was once the owner of one of the largest commercial fishing operations in the U.S. Rafael was sentenced to nearly four years in prison in 2017 for dodging quotas and smuggling profits overseas. The case against Rafael included forced divestiture of his assets,,, Rafael complied, but a New Bedford fish auction house sued him with a complaint that he didn’t honor a right of first refusal agreement to buy boats. BASE Inc., filed suit claiming it suffered millions of dollars in damages because it wasn’t able to buy the boats. >click to read< 15:04