GREY:ROAOF - Post by User
Comment by
tanoon Jan 09, 2009 4:04pm
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Post# 15695033
mrmomo re OIL's 100% interest in ONSL
mrmomo re OIL's 100% interest in ONSLmrmomo,
Personally, I don't see how OIL could have been relieved of its interest in ONSL, without any action on the part of OIL to do so. Unless there are special rules in the UK legislation stating that a parent company is automatically divested of its interest in its subsidiary if the subsidiary files for administration, I don't see how it could happen. And I doubt very much that such rules would exist in a capitalist country such as the UK as they would amount to expropriation without compensation.