Common Contracts
1 similar null contracts
BETWEENDecember 16th, 2021
This case seeks to set aside a Purchase & Sale Agreement dated 3 February 2009, which the court will refer to as the PSA, and the subsequent sale and transfer of shares between the first claimant, which the court will refer to as CLF in this judgment, and the first defendant, which the court will refer to as Proman. The PSA was an agreement to sell to Proman 84,986,145 ordinary shares in the second defendant for the sum of US $46,500,000. That sale was completed and the shares were transferred. At the time, the second defendant’s name was CLICO Energy Company Limited but since Proman’s subsequent acquisition of it, its name was changed as in the pleadings and the court will refer to it as PETL. The PSA was executed on CLF’s behalf by the third defendant, whom the court will refer to as Duprey and who was the Chairman of CLF at that time.
