The Bank of Bermuda has won an order for more than $500,000 against missing businessman Tony Duggan.

Mr. Duggan has not been seen in Bermuda since last July when he sailed off in the middle of the night in his luxury catamaran in the wake of several of his businesses going bankrupt.

His contracting firm Precision Engineering-Technical Company went into receivership last year with debts of more than $1 million.

The Bank of N.T. Butterfield also called in the receivers on another of Mr. Duggan's companies, Office Supplies, after the Scottish businessman failed to keep up with loan payments.

The Supreme Court has awarded Bank of Bermuda $528,651, for a guarantee which Mr. Duggan offered against an overdraft for Precision Engineering.

The Royal Gazette revealed last year that sheriff officers in Edinburgh, Scotland, served a mareva order on Mr. Duggan, which was obtained by lawyers for the Bank of Bermuda and receivers for Precision Engineering at the Supreme Court in Bermuda, which freezes his assets world-wide.

The order prohibits Mr. Duggan from selling assets, such as his $1 million catamaran Assegai, which could be used to pay off his debts in Bermuda.

Mr. Duggan's lawyer Mark Diel, of Diel and Myers, said last night he will be appealing the $528,651 award in the Court of Appeal.

When asked by The Royal Gazette where Mr. Duggan was now, he said: "No comment."

Justin Williams, of Cox, Hallett, Wilkinson, lawyer for the Bank of Bermuda, refused to comment last night.

Mr. Duggan formerly owned the Oasis nightclub in Hamilton which he sold last year before his other companies went bust.