Glencore sues SONARA before English courts over alleged dues
State-owned refinery SONARA was sued before the High Court of Justice in London, according to specialized news outlet Énergies Média, which quotes Law360, a website specializing in legal affairs and commercial litigation.
Before this English court, Glencore Energy UK Ltd (a
subsidiary of Swiss commodities trader Glencore), via the law firm Ince Gordon
Dadds, is demanding the payment of €14.7 million, i.e XAF9.6 billion.
According to Glencore, this amount represents, for the most
part, late payment penalties in connection with a supply contract where 1.6
million barrels of crude oil were delivered to SONARA between November 2012 and
January 2015. The Swiss trader sued its partner for not paying their invoice
within the contractual deadlines. Most of the payment demanded is made of
interests Glencoe deemed entitled to, however, Law360 adds.
Sonara has not officially reacted to this legal procedure
launched before the British courts
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