PPU advised Saudi oil services company on Colombian dispute

Philippi Prietocarrizosa Ferrero DU & Uría defended Alkhorayef Petroleum Colombia in a lawsuit brought by Blackstone Energy Colombia. 

Alkhorayef Petroleum is a Middle Eastern company that designs and manufactures electrical submersible pumping equipment for the oil and gas sector and Water Business. The compamny is headquartered in Saudi Arabia with global operations, including a subsidiary in Colombia.

Blackstone Energy is an independent energy management firm headquartered in Toronto, Canada. Its Colombian subsidiay sued Alkhorayef for $6 million for alleged unjust contract termination. Blackstone Energy claimed there was a de facto commercial agency between the parties and that Alkhorayef unjustly terminated it so the company should be held liable for the termination and therefore ordered to pay commercial severance and equity indemnification. The court denied all claims of the lawsuit and there was no appeal.

Partner Héctor Hernández led the PPU team acting for Alkhorayef.

PPU advised Saudi oil services company on Colombian dispute

Ignacio Abella

thelatinamericanlawyer.com

The Latin American Lawyer is a bimonthly digital magazine, published by Iberian Legal Group, available in Spanish and Brazilian Portuguese. It represents the main source of information in the legal business sector in America Latina. The digital magazine – and its portal – address to the protagonists of law firms and in-house lawyers. The magazine is available for free on the website and on Google Play and App Store.

In every issue of the magazine, you will find rankings of lawyers, special report on trends, interviews, information about deals and their advisors.

For further information, please visit the Group’s website www.lcpublishinggroup.com

Iberian Legal Group
Registered office: C/ Manuel Silvela, 8 - Oficinas 1 Dcha 28010 Madrid España

Copyright 2022 © All rights Reserved. Design by Origami Creative Studio

SHARE

Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram