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Monthly Archives: November 2017

Casa Mining Limited acquired by Ortac Resources Limited

Druces LLP, the City-based business and private wealth law firm, has advised client Casa Mining Limited on the acquisition by AIM-quoted Ortac Resources Limited of the Casas shares it did not already own, in a share exchange transaction which will see the selling Casa shareholders own 29 per cent of Ortac. Casa has for some […]

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Compensation and Indemnity Payments for Commercial Agents and the Impact of Brexit

The Commercial Agents (Council Directive) Regulations 1993 (SI 1993/3053) apply to all commercial agents and give commercial agents certain rights on termination. Under the Regulations where an agency agreement is terminated by the principal the agent will have the right to “compensation” or an “indemnity” in certain circumstances.  The agent may also have a common […]

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Druces closes $20 million bond issue

Druces LLP, the City-based business and private wealth law firm, has closed a further $20 million bond financing for client Technology Enhanced Oil PLC. The mandatory convertible bond has been listed in Singapore and the client will use the proceeds of the issue to acquire further underperforming oil assets in North America whose economics can […]

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