Ceylon Petroleum Corp to re-appeal against verdict

The Ceylon Petroleum Corporation (CPC) will appeal against the judgment delivered by a court in London.

The CPC lost the appeal it filed in London in relation to the claim made by Standard Chartered Bank (SCB) regarding $164 million plus interest arising from derivative transactions between the SCB and the CPC.

The CPC is currently in the process of appealing against the judgment to the Supreme Court in England.

UK