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court

Other News

Oil supervisor jailed over child porn

A woman who sexually assaulted a little boy and used Facebook to send photographs of the abuse to an oil platform supervisor has been jailed for three years and nine months.

Other News

Providence Resources wins court case made against it by Transocean UK

Oil and gas explorer Providence Resources has won a case related to claims made against it by firm Transocean Drilling UK. A ruling was made in its favour at the commercial court in London. The case related to costs made by Transocean against Providence regarding the use of the Arctic III mid-water semi-submersible rig in 2011 and 2012 on its Barryroe oilfield offshore Ireland.

Markets

Carbon companies ordered into liquidation

Carbon copy investment companies found by a court to have misled clients have been ordered into liquidation. Both Carbon Green Capital and Agora Capital were found by the High Court in London to have made false claims about investment returns. A petition against the companies was presented to the High Court by the Secretary for Business, Innovation and Skills, Vince Cable. The companies were accused of selling carbon credit investments which were misleading, raking in almost £1million in profit. Chris Mayhew, Company Investigations Supervisor, said: “This formally brings to an end the activities of two heartless companies that claimed to pride themselves on the investment returns for clients but who in truth were peddling near worthless carbon credits, which in some instances they even failed to supply, raising approaching £1million from the public”. “Far from the claimed world class investment services dedicated to helping clients, these companies were dedicated only to helping themselves. “I would once more urge investors not to respond to cold calling investment sharks as you stand to gain nothing and risk losing everything. Simply end the call, not your savings. “The Insolvency Service will not allow rogue companies to rip-off vulnerable and honest people and will investigate abuses and close down companies if they are found to be operating or about to operate, against the public interest."