Nigerian business SunTrust Oil has applied to have Irish oil and gas company San Leon Energy wound up after accusing it of not paying $50m in taxes. " It's the second time the company has faced a winding-up application in the last year. SunTrust alleges San Leon did not comply with a requirement to notify authorities when it took a stake in Nigerian oilfield OML 18. San Leon denies that it needed to gain consent because of the transaction's indirect structure. San Leon said the legal action has no foundation and should be struck out.
Nigerian business SunTrust Oil has applied to have Irish oil and gas company San Leon Energy wound up after accusing it of not paying $50m in taxes. SunTrust alleges San Leon did not comply with a requirement to notify authorities when it took a stake in Nigerian oilfield OML 18. San Leon denies that it needed to gain consent because of the transaction's indirect structure. San Leon said the legal action has no foundation and should be struck out.