News Flash On The Aim Market Message Board

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Gold/Mining/Energy : News Flash On The Aim Market

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Oct 31 3:01 PM EST

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From: miningoz	5/6/2014 10:06:20 AM
	of 161

Team of the Year for its success on behalf of Gulf Keystone Petroleum. The Lawyer shortlists Memery Crystal for litigation award for its work on behalf of Gulf 6 May 2014 Memery Crystal has been shortlisted by The Lawyer Awards 2014 in the category of Litigation Team of the Year for its success on behalf of Gulf Keystone Petroleum. The shortlist was announced on 28 April and the awards will be presented on 25 June at a ceremony at the Grosvenor House Hotel. The team successfully defended Gulf against a $1.65bn (£976m) claim brought by Excalibur Ventures for an interest in Gulf’s four oil fields in the Kurdistan region of Iraq. The strategy set by Memery Crystal and tactics developed and executed achieved an overwhelming victory dismissing all of Excalibur’s claims and recovery of very substantial costs. The 57-day trial from October 2012 to March 2013 was the longest in the Commercial Court’s judicial year. In addition to achieving complete success at trial, the team won a series of strategic victories that put Excalibur on the back foot from the start. On 13 December 2013, the court awarded indemnity costs and a payment on account of the defendant’s costs of £17.5m and gave permission for Gulf to pursue Excalibur’s funders. Gulf’s application against the funders will be heard on 12 June 2014. The Memery Crystal team was led by partner Harvey Rands and included partner Nicholas Scott and solicitors Peter Reynolds and Anne McMahon. The law firm’s team has already been named Dispute Resolution Team of the Year at the Legal Business Awards 2014. Print

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