UK Court Dismissed Lawsuit on Eni's Nigerian Oil Deal
May 25 2020 - 01:54AM
Dow Jones News
By Pietro Lombardi
A U.K. court has dismissed a lawsuit filed by the Nigerian
government in relation to an oil deal involving Italy's Eni
SpA.
The Italian oil-and-gas major said late Friday that the High
Court of Justice in London rejected its jurisdiction over issues
related to the company's involvement in the oil block OPL 245
transaction, but a related trial in Italy continues.
The company has faced allegations of bribery around the
acquisition of rights to the OPL 245 block in Nigeria.
Eni said it was pleased the court dismissed the lawsuit, adding
that the U.S. Department of Justice and the U.S. Securities and
Exchange Commission closed their investigations into issues related
to the matter without taking any action.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
May 25, 2020 01:39 ET (05:39 GMT)
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