The plaintiff corporation sued its former Nigerian business partner and its principal arising from failed oil and gas ventures and a letter sent to Nigerian regulators and Shell after the relationship collapsed.
The court held that the parties’ written agreements made compensation contingent on successful acquisition and completion of an oil and gas asset, and implied a term requiring repayment of $405,000 advanced when no qualifying acquisition was completed.
The court further found the July 2014 letter defamatory, rejected the defences of justification, fair comment, and qualified privilege, and held that malice was established through knowing or reckless misstatements made to exert commercial pressure.
Contractual repayment was ordered against the corporate defendant alone, while defamation damages of $200,000 were awarded jointly and severally against both defendants.