In order to deliver a personalised, responsive service and to improve the site, we remember and store information about how you use it. This is done using simple text files called cookies which sit on your computer. By continuing to use this site and access its features, you are consenting to our use of cookies.
To find out more about the way Informa Law uses cookies please go to our Cookie Policy page. Close

National Iranian Oil Company v Crescent Petroleum Company International Ltd

Lloyd's Law Reporter Financial Crime

National Iranian Oil Company v Crescent Petroleum Company International Ltd

Arbitration - Separability - Arbitration Act 1996 - "Obtaining" - Bribery - Enforcement of contract

The claimant and the first defendant entered into a long-term gas supply and purchase contract in 2001. In 2003, the first defendant wished to assign the contract to its subsidiary, the second defendant. Article 16 of the contract stated that neither party was entitled to assign the contract without obtaining the prior written consent of the other. The first defendant requested consent in writing from the claimant. The claimant gave consent by a board resolution but no copy of that resolution was ever supplied to the first defendant.

The rest of this document is only available to i-law.com online subscribers.

If you are already a subscriber, please enter your details below to log in.

Enter your email address to log in as a user on your corporate account.
Remember me on this computer

Not yet an i-law subscriber?

Devices

Request a trial Find out more