InterOil E&P ASA in discussions with related parties regarding tax claim from Norwegian tax authorities
Eksportconsult AS (controlled by InterOil Chairman Mårten Rød) and Force Capital Partners AS (controlled by InterOil CEO Nils N. Trulsvik) have received a NOK 57.6 million tax claim (in total) from Norwegian tax authorities. The claim is related to InterOil Exploration and Production ASA's acquisition of the Swiss based company InterOil S.A. from, among others, Eksportconsult and Force Capital Partners, in 2005. The claim has been appealed, and the legal advisors of the companies are optimistic on behalf of the companies with respect of the outcome of the appeal.
Eksportconsult and Force Capital Partners have requested that InterOil covers the payment, which has to be made to the tax authorities if it becomes final, together with loss of interests and costs. The request is based on the 2005 Share Purchase Agreement and background law regulating the sale of the InterOil SA shares. The parties, together with their respective legal advisors, are now in constructive discussions and are quite optimistic with respect to concluding the matter within short time. We will inform the market and our investors immediately as soon as the discussions have been concluded.
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