The sale comes as U.S. oil giant Chevron takes action for alleged trademark breaches.
September 02, 2020 at 05:40 PM
1 minute read
Correspondent, Sydney
Global law firm Herbert Smith Freehills has advised Ampol on the $1 billion sale of a stake in its convenience store sites as the Australian oil company is hit with a lawsuit by U.S. oil giant Chevron alleging breaches of a trademark agreement.
Chevron has filed a lawsuit in the Federal Court of Australia alleging breaches of a trademark license agreement under which Ampol was licensed to use the “Caltex” trademark.
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Caltex fuel station with convenience shop in Brisbane, Queensland, Australia. Photo: Shutterstock.com
