Press Release from: Carey Olsen, Wednesday 17 January, 2024.
Lawyers from Carey Olsen’s corporate team have acted as Jersey counsel for long standing client, Wentworth Resources plc (“Wentworth”), on its £61.7 million takeover by Maurel & Prom (“M&P”).
A Jersey company previously listed on the London AIM market, Wentworth has provided affordable and reliable natural gas to fuel Tanzania’s socioeconomic development for the last 20 years. M&P is an oil and gas exploration and production company listed on Euronext Paris, specialising in the production of hydrocarbons.
The takeover of Wentworth by M&P, conducted by way of a Jersey law scheme of arrangement, has increased M&P’s working interest in Tanzanian gas field Mnazi Bay from 48.06% to 80%. The acquisition is set to strengthen the long-term partnership between M&P and state oil company Tanzania Petroleum Development Cooperation (“TPCD”), as TPCD is expected to increase its stakes in Mnazi Bay from 20% to 40%. The arrangement would result in M&P holding 60% ownership of Mnazi Bay and TPDC holding the remaining 40%.
Indian owners of offshore firms named in the Pandora Papers are – Anil Ambani, Sachin Tendulkar, Niira Radia, Gautam Singhania, and Lalit Goyal, among others. The Enforcement Directorate (ED)
Press release from Carey Olsen, Friday 6 December, 2024. Carey Olsen’s FinTech practice has achieved two Band 1 practice area rankings and three Band 1 individual rankings in the Chambers FinTech
Dr Terrance Drew, Prime Minister of St Kitts and Nevis, and his cabinet answered questions regarding the government’s recent economic decisions, from the public, in a press conference held on 13 February
Press Release from Carey Olsen, Tuesday 23 April, 2024. Carey Olsen’s corporate team in Guernsey is advising Hipgnosis Songs Fund Limited (“Hipgnosis”), a Guernsey-registered, GFSC-regulated