Albion Wins Bid For Final $13M Slice Of Heritage Oil Buy
Law360, London (February 17, 2020, 6:11 PM GMT) -- A judge handed U.K.-based Albion Energy Ltd. a $13 million win in litigation against an ex-Qatari prime minister’s company that purchased its stake in an oil exploration company, rejecting the investor's claim that the dispute should be arbitrated.
High Court Judge David Foxton held that Energy Investments Global BRL, a company beneficially owned by former Qatari prime minister Sheik Hamad, had not proved the claim Albion brought for payment fell within an arbitration agreement the parties included in an escrow arrangement for the final payment in the deal.
“On the facts of this case, I am quite satisfied that the claim...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!