Simmons & Simmons Advises FTSE-listed Ukrainian oil & gas company on asset disposal

International law firm Simmons & Simmons has advised new client Cadogan Petroleum Holdings Ltd. on its disposal of two gas processing plants to Global Process Systems LLC.

The disposal marked the closure of litigation between the two parties and a full and final settlement of all claims and liabilities between them. The transaction completed on 19 April 2013.

The Simmons & Simmons team was led by London partner Iain Duncan and assisted by London partner John Sayers and Middle East associate Ian Arnott.

Laurie Sudwarts, General Counsel of Cadogan Petroleum commented: "I was pleased not just with the end result but also with the professionalism and calm assurance the Simmons team showed throughout an intense final negotiation process. We look forward to working with Simmons & Simmons moving forward."

Commenting on the transaction, Iain Duncan said: "We are delighted to have assisted Cadogan Petroleum with this strategic asset disposal."

Cadogan Petroleum Holdings Ltd. is is an independent oil and gas exploration, development and production company with onshore gas, condensate and oil assets in Ukraine.

http://www.simmons-simmons.com/en/News/2013/04-Apr/Cadogan-Petroleum-Ho…