Taqa Bratani Ltd & Ors v Rockrose UKCS8 LLC [2020]

Taqa Bratani Ltd & Ors v Rockrose UKCS8 LLC [2020] EWHC 58 —17 January 2020 (MU Pelling QC)

“The Claimants sought declarations that their termination notices, served on the defendant operators of gas fields, pursuant to joint operating agreements ("JOAs"), were valid and effective. The JOAs contained absolute and unqualified rights of termination. The defendants argued that the rights were subject to implied obligations of good faith and consideration of the best interests of the gas fields. In the context of sophisticated commercial parties and the absence of industry practice, the Court found no reason to qualify the express absolute rights by any such implied terms.”

Antonino Cordopatri
E. G. Arghyrakis & Co.
19th February 2020