Reporter Renata Burnette:
A ruling by Justice of Appeal Rishi Persaud has come under scrutiny following revelations made by John Hess, the Chief Executive Officer of Hess Corporation. Hess stated that President Irfaan Ali strongly believed that a stay of execution would be issued in the case against ExxonMobil regarding the unlimited parent company guarantee.
The recent ruling by Justice of Appeal Rishi Persaud has sparked significant interest and debate. The case involves ExxonMobil and concerns the scope of liability under the parent company guarantee. The guarantee in question relates to the responsibilities of ExxonMobil’s parent company for the actions of its subsidiary, Esso Exploration and Production Guyana Limited (EEPGL), in relation to an oil contract.
