Rockhopper Italia S.p.A., Rockhopper Mediterranean Ltd, and Rockhopper Exploration Plc v Italian Republic - ICSID Case No. ARB/17/14 - Rockhopper Press Release Monetisation of Ombrina Mare Arbitration Award - 20 December 2023
Country
Year
2023
Summary
Rockhopper Exploration plc, the oil and gas company with key interests in the North Falkland Basin, announces its entry into a funded participation agreement (the "Agreement") with regulated specialist fund with over $4bn in investments under management that has experience in investing in legal assets (the "Specialist Fund") to monetise its ICSID Award (the "Award"), in relation to the arbitration against the Republic of Italy relating to the Ombrina Mare oil field (the "Arbitration"). The Award was previously announced on 24 August 2022.