Dolphin Drilling – Appeal Court Decision
(Oslo, 11 January 2024) Dolphin Drilling AS (Dolphin Drilling, OSE: DDRIL) today announces judgement handed down by the Court of Appeal in the UK regarding legacy tax case. The decision will be appealed. Reference is made to the Dolphin Drilling Q3 earnings release report from November 28 2023, specifically the contingent liability noted in the ongoing legal process vs HMRC in the UK. Following two successful appeals defending the company’s position in the First-tier Tax Tribunal in November 2020, and against HMRC’s appeal to the Upper Tribunal in August 2022, the judgement handed down