As announced in January, in light of the Irish Government's refusal to engage in worthwhile discussions, the Company is focused upon progressing its Energy Charter Treaty ('ECT') claim against Ireland following the refusal to award a Lease Undertaking for the Barryroe oil and gas field.
- Lansdowne has appointed Mantle Law, an international law firm with offices in London and the United Arab Emirates, whose global team consist of the best dispute and arbitration lawyers in the construction, infrastructure and energy sectors.
- Mantle Law and the Company are in the process of contacting litigation funders, with a view to providing third-party finance to fund its ECT claim and the resulting arbitration process.
Given the lack of engagement or any ability to have a respectful and frank conversation with the Irish Government, the Company believes it now has no alternative other than to pursue vigorously its ECT claim.
Source: Lansdowne Oil & Gas
