Sri Lanka's Ceylon Petroleum Corp (Ceypetco) owes nearly $162 million plus interest to Standard Chartered Bank for non-payment of dues linked to hedging when the oil price hit a record level and then crashed, a London court found on Monday.
No-one from Ceypetco was immediately available for comment, although a spokesman for Standard Chartered Bank said: "We are happy to gain a favourable judgement."
Reuters
No-one from Ceypetco was immediately available for comment, although a spokesman for Standard Chartered Bank said: "We are happy to gain a favourable judgement."
Reuters
