Monde Petroleum SA v Westernzagros Ltd

Commercial contract – Consulting services. The Commercial Court held that the claimant British Virgin islands company, which had entered into a consulting services agreement (CSA) with the defendant Cypriot registered company to assist in concluding an exploration and production sharing agreement for oil exploration and development in Iraq, had been induced by the defendant to conclude the termination agreement by misrepresentation. However, the defendant's wrong had not caused the claimant substantial recoverable loss in circumstances where the termination notice had been defective and, accordingly, the defendant had neither breached nor renounced the CSA.

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