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Ascent Resources Taps Enyo Law For $122M Slovenia Fight
Law360 (May 27, 2021, 8:22 PM EDT) Ascent Resources PLC said Thursday it has enlisted London specialist arbitration and litigation firm Enyo Law LLP to represent it as the British oil and gas company pursues a €100 million (about $122 million) arbitration proceeding against Slovenia over a fracking dispute.
The deal inked between Enyo Law and the company is a contingency fee agreement that stipulates the law firm will get paid only if damages are awarded or if a binding settlement is reached in Ascent s dispute with Slovenia s government under the U.K.-Slovenia bilateral investment treaty and the Energy Charter Treaty, Ascent said.