Supreme Court of Canada

InterOil chairman ponders challenge against court decision

Business Advantage PNG reports that InterOil Chairman, Chris Finlayson, says he will challenge the decision by the court to stop the $US2.5 billion (K7.9 billion) transaction from taking place.

Meanwhile, founder and former Chairman of InterOil, Phil Mulacek, tells Business Advantage PNG  that he is open to dialogue.

On November 4, 2016, the Appeal Court of Yukon overturned the Yukon Supreme Court’s ruling that approved ExxonMobils proposal to purchase InterOil.