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BP Exploration (Libya) Ltd v Hunt [1983]


  • BP agreed to research Hunt’s land and build refineries, in return for half the profits once profitable under 125% of expenses had been reclaimed
  • The Libyan Government reclaimed the land, compensating Hunt


  • Could BP recover a just sum for the non-money resources which they had already put into the project under s 1(3) of the Law Reform (Frustrated Contracts) Act 1943?


  • Yes


  • Fair award
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