For background, see December 2007 international briefing
On December 14 2007, the Supreme Administrative Court announced its decision on the lawsuit to reverse the privatisation of the Petroleum Authority of Thailand. The Court ruled that the two royal decrees corporatising the Petroleum Authority of Thailand were valid and should not be revoked; it confirmed the status of PTT pcl as a public company; and it ruled that certain assets of PTT pcl must be returned to the Ministry of Finance (MoF). Negotiations are continuing about the rental that PTT will pay for the use of certain pipelines, the ownership of which will be returned to the MoF.
© 2021 Euromoney Institutional Investor PLC. For help please see our FAQs.