San Leon Energy to appeal court’s £13m payout ruling
San Leon Energy, the oil and gas explorer founded by businessman Oisin Fanning, is to appeal a ruling requiring it to pay £13 million to a former joint venture partner.
The International Court of Arbitration ruled in favour of a Polish company called Avobone in a dispute over repayment of a loan provided by Avobone to a San Leon subsidiary.
San Leon said it “believed the claims to be substantially without merit” and contested the...
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