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This judgment of the Supreme Court was given in the context of proceedings to enforce an arbitration award. It is interesting in its consideration of: In February 2013, the appellant before the Supreme Court, Taurus Petroleum Limited (Taurus), obtained a final award in arbitration proceedings against the respondent, State Oil Marketing Company of Iraq (SOMO). SOMO did not pay the US$8,716,477 that it was ordered to pay pursuant to the award.
Despite recent fluctuations in the European gas markets, we have seen an increased interest among lenders in taking security over gas in storage, or over rights to gas in storage. This article explains the key issues for lenders to take into account when doing so.
As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.
