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BP Exploration Co (Libya) Ltd v Hunt (No 2)
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BP Exploration Co (Libya) Ltd v Hunt (No 2) : ウィキペディア英語版
BP Exploration Co (Libya) Ltd v Hunt (No 2)

''BP Exploration Co (Libya) v Hunt (No 2)'' () 2 AC 352 is an English contract and unjust enrichment case, concerning the frustration of an agreement.
==Facts==
Mr Hunt owned an oil concession in Libya. He contracted with BP to exploit the oil. The contract said (1) Hunt would transfer BP half the concession (2) BP would transfer Hunt 'farm in' contributions in cash and oil (3) BP would explore for and develop the oil (4) BP provided all funds until the oil was found, and (5) the profits would be shared, but 3/8 of Hunt's share would go to BP until 125% of the farm in contributions and half the costs of BP were covered. A massive oil reserve was found in 1967. However, in 1971 the Libyan government was overthrown and replaced by Muammar Gaddafi. It took over BP's half share. BP had already covered half its costs. Two years later, the Libyan government also expropriated Hunt from his share. BP claimed the contract was frustrated, and claimed for a just sum of money to be awarded under the Law Reform (Frustrated Contracts) Act 1943, section 1(3).

抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)
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