The Netherlands District Court of Rotterdam (Rechtbank Rotterdam) has granted Ticonderoga Ventures, Inc. a monetary judgment over Kardux Enterprises and Solutions B.V.
Delta Eye Security and Kardux Enterprises and Solutions B.V., which both operated in Stellendam, the Netherlands, were contracted by Ticonderoga Ventures to provide security services. Thereafter, Delta Eye Security, which was allegedly operated by Mr. CJ Kardux, was declared bankrupt (Rotterdam District Court Insolvency Chamber, Rechtbank Rotterdam, Faillissementskamer, Reg # 05.292F, April 26, 2005). Ticonderoga Ventures claimed that Mr. Kardux, through Delta Eye Security and Kardux Enterprises and Solutions B.V., had improperly manipulated payments from Ticonderoga Ventures. When confronted with the allegations, Mr. C.J. Kardux refused to admit fault, and failed to return the sums improperly obtained. Ticonderoga Ventures was compelled to retain overseas counsel in the Netherlands, and commence legal action against Kardux Enterprises.
In civil proceeding (Case # 712049 CV EXPL 06-164) Judge R. Veenendaal in the Cantonal Section of Middelharnis, District Court of Rotterdam (Rechtbank Rotterdam) awarded a judgment in favor of Ticonderoga Ventures and against Kardux Enterprises and Solutions B.V.
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