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Following the return hearing, the Court declined to continue the domestic freezing injunction, concluding that FHL and Spud had not established the required real risk of dissipation of assets. The Court also ordered FHL and Spud to pay costs to a third party involved in the proceedings in the amount of GBP 125,000 and costs to PEL in the amount of GBP 145,000. The costs award to PEL was, however, made contingent on PEL having paid its amounts due under the arbitral awards made in favour of FHL and Spud.
