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Justice Kissoon's landmark ruling plunges ExxonMobil's stock price by nearly 12 %

A comprehensive analysis published yesterday by British daily newspaper, The Guardian, noted that ExxonMobil Corporationโ€™s stock price dropped by more than US$10 following the landmark ruling by Justice Sandil Kissoon ordering the oil giant to provide Guyana with an unlimited parent guarantee for oil spills. In the article authored by award winning journalist and podcaster, Amy Westervelt, she said the nearly 12 percent decline occurred in just a matter of two weeks.
Demerara Mahaica United Kingdom United States Carroll Muffett Amy Westervelt Justice Sandil Kissoon

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US$2B parent guarantee still leaves Exxon in breach of Liza 1 Permit

Upon examining the provisions of the Liza Phase One Permit, High Court Judge, Justice Sandil Kissoon has ruled that there is an unambiguous requirement for Exxonโ€™s affiliate, Esso Exploration and Production Guyana Limited (EEPGL) to furnish authorities with an unlimited liability Parent Company Guarantee Agreement and/or an unlimited liability Affiliate Company Guarantee. He has also ordered that this order be complied with by June 10 or the permit would be suspended.
Justice Sandil Kissoon Justice Kissoon High Court His Court Parent Company Guarantee Agreement Affiliate Company

Indonesia Shipping Law – Foreign Judgments And Awards - Transport

1. Marine Casualty 1.1 In the event of a collision, grounding or other major casualty, what are the key provisions that will impact upon the liability and response of interested parties? In particular, the relevant law / conventions in force in relation to: (i) Collision ICC"), which was enacted in the 19 th century, provides that: a. If the collision is caused by force majeure, or if there are doubts as to the cause of the collision, the damages shall be borne by those who have suffered them....
New York United States Indonesia General Jawa Barat East Indies Uttar Pradesh
Source: mondaq.com

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