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Home / Judgments / (1) TETHYS PETROLEUM LIMITED (2) TETHYSARALGAS LLP v (1) DSFK SPECIAL FINANCE COMPANY LLP (2) OLISOL PETROLEUM LIMITED

(1) TETHYS PETROLEUM LIMITED (2) TETHYSARALGAS LLP v (1) DSFK SPECIAL FINANCE COMPANY LLP (2) OLISOL PETROLEUM LIMITED

CASE No: AIFC-C/CFI/2025/0020
12.06.2025
Keywords
# Arbitration award
# Recognition and enforcement
# Settlement deed and release
# Arbitration costs
# Repudiation
# Shares
Judges
The Lord Faulks KC
Summary
The court granted the Claimant’s request to recognize and enforce an arbitral award issued by the International Arbitration Centre on 13 May 2025, finding the application justified. It declared the prior settlement agreement no longer binding due to repudiation and ordered the Defendants to make substantial payments, cancel share certificates, and reimburse arbitration costs. Download PDF

Judgment Content