Summary

This dispute has its origins in a joint venture partnership between (amongst others) the Claimants and the First Defendant ("UKCS8") relating to the operation of various oil and gas fields in the Brae complex in the North Sea. More specifically, it concerns a dividend of US$84 million declared by UKCS8 in favour of its then parent, the Second Defendant ("RockRose"), on 24 December 2020 before immediately thereafter being sold for US$1 to a wholly state-owned UAE entity, Fujairah International Oil & Gas Corporation ("FIOGC"). On 8 February 2023, the company was wound up following the presentation by the Claimants of a winding-up petition on 16 December 2022 in the wake of default judgments for sums exceeding £35 million entered against UKCS8 on 13 April 2022.

(1) TAQA Bratani Limited; (2) Taqa Bratani Lns Limited; (3) Spirit Energy Resources Limited; V (1) Fujairah Oil and Gas UK Llc; (2) Rockrose Energy Limited; (3) Viaro Energy Limited; (4) Viaro Investment Limited; (5) Francesco Mazzagatti; (6) Francesco Dixit Dominus.