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ERG Sells ERG Power to Swiss Holding Company Achernar Assets - Vimarsana News

ERG Sells ERG Power to Swiss Holding Company Achernar Assets

(Alliance News) - ERG Spa signed on Thursday, through its subsidiary ERG Power Generation Spa, an agreement with Achernar Assets AG, a Swiss investment holding company, for the sale of the entire capital of ERG Power Srl, owner of the low environmental i...

Not just a rubber stamp: principles for liquidators to get decisions blessed by Royal Court - Vimarsana News

Not just a rubber stamp: principles for liquidators to get decisions blessed by Royal Court

The Royal Court recently handed down judgment in In the matter of CanArgo Limited (in liquidation) ([2020] GRC064), bringing to an end an important chapter in a long-running dispute regarding control of the exploration and exploitation of the oil and gas reserves of Georgia. This judgment makes it clear that liquidators can approach the court to approve a significant decision that they have taken to enter into a transaction and that such decision is akin to a Public Trustee v Cooper blessing of a momentous decision in a trusts context. While the court will not allow liquidators to surrender...