Lead Attorney for A&V Drilling Senior Counsel Ramesh Lawrence Maharaj is seeking $1 billion in damages on behalf of his client A&V Drilling. The matter is scheduled to go before an Arbitration Tribunal in January next year.
He said “that Petrotrin had wrongfully terminated A&V’s contract and will be liable to pay A&V substantial damages.”
He also said that in addition to suffering from defamation of character and loss of business A&V has not been paid for crude oil supplied to Petrotrin since June 2017.
Mr Maharaj held the press conference at his San Fernando Chambers on Saturday with his team of Attorneys including Prakash Ramadhar, Michael Rooplal, Jagdeo Singh and Ronnie Bissessar.
The Tribunal comprises a panel of arbitrators including former President of the Caribbean Court of Justice Sir Dennis Byron, former Judge of the Judicial Committee of the Privy Council Lord Hope and retired Justice of Appeal Humphrey Stollmeyer. They are scheduled to meet in January 2020.