Gulf Keystone Beats Ex-Soldier's Lawsuit Over Iraq Oil Find

Law360, New York (September 10, 2013, 8:07 PM EDT) -- The English Commercial Court ruled Tuesday in favor of Gulf Keystone Petroleum Ltd. and Texas Keystone Inc. in a potentially billion-dollar lawsuit filed by an ex-U.S. Special Forces captain who said he had been stiffed out of a finder's fee for oil production in Iraq.

The plaintiff, Rex Wempen, and his company, Excalibur Ventures LLC sued to enforce an agreement with a company founded by Gulf Keystone's CEO, Texas Keystone, which had agreed to give Excalibur a 30 percent interest in oil wells in exchange for...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.