Nigeria: Breach of Agreement - UK Court Awards U.S.$110.5 Million Against Malabu

19 August 2013

A High Court of Justice in London, the United Kingdom, has awarded $110.5million to Energy Venture Partners Limited (EVP) against Malabu Oil and Gas Limited.

The court also dismissed counterclaim by Malabu on the grounds that the claim was a breach of agreement and unmeritorious.

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