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12/7/2011

START DATE

END DATE

11-Jan-12

Golar LNG Limited v World Nordic SE

COURT:

LAW:

JUDGE(S):

CLAIMANT'S LAWYER:

DEFENDANT'S LAWYER:

The Supreme Court of Bermuda

COMMERCIAL LIST

Richard Ground

Jeremy Garood

Christian Luthi

FACTS OF THE CASE:

Dispute over fair value of shares in BW Gas Limited after a notice of intention to acquire outstanding shares by World Nordic SE. Golar contended the shares were undervalued.

SUMMARY:

Whether the offered price per share was fair and whether costs claimed by World Nordic SE were reasonable and necessary

OUTCOMES:

Shares appraised at NOK 21 per share costs for World Nordic SE partially reduced after taxation review

RULED IN FAVOUR OF:

Defendant

PLAINTIFF/CLAIMANT

DEFENDANT:

DURATION (DAYS):

ISSUES:

RELEVANCE:

RULING:

RULING TYPE:

CASES CITED:

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Golar LNG Limited v World Nordic SE

Dispute over fair value of shares in BW Gas Limited after a notice of intention to acquire outstanding shares by World Nordic SE. Golar contended the shares were undervalued.

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