Update from Pierpaolo Rocco3 Mar 2022 12:22
BritNRG Limited
BritNRG Limited
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Update from BritENERGY Holdings LLP (LLP):
- We (LLP), BritNRG Limited (Brit), and Pierpaolo Rocco (PR) are currently, along with our legal team, preparing robust and comprehensive defences to the rescission claim raised by MNRG, illuminating the entire fact-set of the dispute surrounding MNRG’s rescission action. At present we have until 18 March to lodge defences.
- As we have said previously, there is a lot to the story here and we had intended to present a detailed narration of the relevant facts today. However, on the advice of our legal team, we have decided to present that on a similar time-scale to the filing of our defences. The same fact-set is relevant to separate claims which we intend to bring to court against MNRG and its Directors.
- We are confident in our defences to the MNRG rescission action and remain perplexed by its commercial rationale from MNRG’s perspective. The legal proceedings already raised against MNRG and those still to come are founded on clear facts and solid arguments and will represent claims of a value in excess of the claim currently made by MNRG.
- We should also note that we remain pragmatic and open to a fair settlement in light of all the facts of this unfortunate dispute, in the interests of all shareholders and stakeholders. But settlement can only be achieved if all parties can resolve to take a fair, pragmatic and commercial approach. Anything less and matters will simply escalate in yet further litigation.
As said above, more updates will be released in due course.
Sincerely, LLP et al
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