Applicant is a company incorporated in terms of the laws of United Arab Emerits and having its registered head office or principal place of business at Dubai UAE. It is a subsidiary of Public Joint Stock Company Lukoil Oil Company a Russian multinational energy corporation with its headquarters in Moscow (PJSC Lukoil).
Respondent is a company registered in South Africa and with its registered address as 180 Mahatma Gandhi Road office 222 Spinnaker Durban Point KwaZulu-Natal.
Since 2010 Applicant and Respondent have had a commercial relationship. Applicant engaged Respondent to perform certain services for it.