Ex-Shell boss loses showdown with London market watchdog

Former Shell chairman Philip Watts today lost a showdown with the London market watchdog into how it handled the investigation into the oil giant’s reserves crisis.

Ex-Shell boss loses showdown with London market watchdog
Tue, 13 Sep, 2005 - 15:47

Former Shell chairman Philip Watts today lost a showdown with the London market watchdog into how it handled the investigation into the oil giant’s reserves crisis.

Watts had accused the Financial Services Authority (FSA) of violating his statutory rights by fining Shell a record £17m (€25.2m) without giving him a chance to respond.

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CourtsBusinessHeathrowPlace: LondonPlace: United StatesPerson: Philip WattsPerson: WattsPerson: WattPerson: Herbert SmithPerson: PhilipPerson: SirOrganisation: ShellOrganisation: Financial Services Authority (Organisation: FSAOrganisation: Financial Services and Markets TribunalOrganisation: Securities and Exchange Commission
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