Forte Oil Sale: Zenon Gets $19.2m, Wins Arbitration Against Ardova

Here is why, how the contractual battle, which started in June 2019 led to one of the major legal fireworks in London Court of International Arbitration (LCIA)   Zenon Petroleum and Gas Limited has won an arbitration case instituted by Ignite Investment Limited in the London Court of International Arbitration (LCIA) over the share purchase agreement (SPA) reached on the sale of Forte Oil Plc to the latter. Precisely, Zenon Petroleum was awarded $19.2 million by the LCIA in the dispute. READ ALSO: 12 Bankers Nabbed For suspected Insider Fraud,…

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