RE: New news3 Aug 2021 13:03
of Georgia;
Geological and ecological study of the area;
Exploration and exploration of oil and gas fields;
Commissioning;
The license was issued from August 27, 1997 to August 27, 2022 and allows the above-mentioned operations to be carried out in Dedoplistskaro, Sighnaghi, Sagarejo, Gurjaani, Marneuli and Gardabani (geological area on the plan - 5060 (five thousand sixty) square meters).
Since 2013, following in the footsteps of the state's political course, Frontera, as an American investment, has suffered the greatest material damage, and this time it has turned to Green Capital for assistance and investment. Green Capital Ltd. has invested millions of dollars.
On April 25, 2018, a crude oil purchase agreement was signed between the plaintiff - Green Capital Ltd. and the defendant - Frontera Resources Georgia Corporation Georgia Branch Ltd. Green Capital Ltd. made several payments under the agreement, totaling the equivalent of $ 5,800,000 in GEL, however, the seller did not fulfill its contractual obligation and did not supply the subject of the purchase agreement - crude oil.
On March 31, 2021, the claimant was fully satisfied with the claim, on the same day the decision entered into force and an writ of execution was issued. Frontera fully acknowledged and agreed to Green Capital's claim. The claim of the plaintiff arising from the purchase agreement of April 25, 2018 was lawful, substantiated and this became the basis for its full satisfaction by the court.
According to the decision of Tbilisi City Court of March 31, 2021:
The claim of Green Capital Ltd is fully satisfied
Order Frontera Resources Georgia Corporation in favor of the plaintiff Green Capital LLC 5,800,000 (five million
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