Deutsche Oel & Gas S.A. initially set out to help mitigate the impending energy crisis in Alaska. This goal came closer to reality when the drilling platform reached Alaska and later built the first production platform, complete with pipeline and onshore processing facility in over 25 years in Cook Inlet, and began production. This was a crucial step in securing the region’s energy supply. DOGSA’s commitment to energy security in Alaska was nullified by ECP’s serious misconduct since 2018, with far-reaching consequences for the region, the company, and its shareholders.

A lawsuit was filed against Energy Capital Partners (ECP) in 2018, which was admitted by the District Court in Delaware, USA, in March 2024. This lawsuit, claiming damages of 650 million US dollars, marks a decisive progress in our pursuit of justice.
More than 10,000 investors are affected by this legal dispute.

The lawsuit includes serious allegations against ECP, including “Fraudulent Inducement” and “Civil Conspiracy to Commit Fraud”. These allegations are likely to cast an unfavourable light on ECP’s business practices.

In September 2023, Energy Capital Partners (ECP) was acquired by Bridgepoint UK, a fund with total assets of 57 billion euros. It should be noted that in financial markets, trust is a hard currency. It is a precious asset, but one that can be easily damaged.

“Strategy, structure, and the path to success”
A conversation with the new manager of Alecto Capital LLC about his strategic direction, the professionalization of corporate management, and the next steps in the ECP legal dispute.

The decision to consolidate leadership in one hand is the logical continuation of my many years of work on this project. I have continuously advised the company since the beginning – from the bankruptcy proceedings to the admission of the lawsuit to the present day. During this time, I have developed a deep understanding of the complexity and potential of the case. The transition to the role of sole manager now makes it possible to make decisions more quickly and implement the strategy without detours. The aim is to ensure maximum efficiency in the decisive phase of the litigation.

My agenda is clear and focused: to achieve the best outcome for shareholders in this legal dispute. To achieve this goal, I am proactively implementing robust governance structures. It is my proactive aim to create an environment characterized by transparency, strict control, and clear accountability. All significant decisions will be made in a transparent manner and exclusively in the best interests of shareholders.

Operationally, this means consistently implementing our litigation strategy in New York and preparing for all eventualities, including settlement negotiations from a position of strength. Shareholders can expect me to communicate regularly, objectively, and transparently.

This combination is advantageous in this case. My technical background as a mining engineer enables me to make informed assessments of the operational facts of our oil and gas project. As an economist, I analyze the financial damages and economic arguments. My many years of experience at leading international law firms in complex commercial disputes provide the legal and strategic expertise. This 360-degree view is crucial for anticipating ECP’s strategy and strengthening our own position as much as possible. Since I have been familiar with the case from the outset, there is no training period – we are immediately fully operational.

I am confident in the strength of our case. This confidence is based on three pillars: First, the facts, which clearly demonstrate systematic misconduct on the part of ECP. Second, the strategic advantage of the New York venue, which provides us with procedural tools that we would not have had in Delaware. And third, the seamless cooperation between management and a first-class team of lawyers who know the case and the opponent inside out.

There are no guarantees in litigation. But we have created the best possible conditions: a clear strategy, professional leadership, and the right partners at our side. My focus is on leveraging these advantages in a disciplined and goal-oriented manner.

The transfer of the proceedings to New York was a strategic milestone. This success is the first tangible result of our realigned, proactive strategy. New York offers us significant procedural advantages, in particular the right to a jury trial, which often works in favor of the plaintiff in cases of proven misconduct.

In addition, our collaboration with our US legal team-which consists of former colleagues of mine – is characterized by a long-standing, trusting working relationship. This close connection is an operational advantage that ensures seamless and highly efficient litigation.

My appointment marks the transition to a new phase characterized by professionalism, structure, and an unconditional focus on results. I am committed to achieving the best possible outcome for you in this litigation. I will ensure that communication is regular, factual, and transparent.

I ask for your trust in this clear, strategic approach. We have come a long way, but the crucial part of the journey lies ahead of us, and we are better positioned than ever to navigate it successfully.

Thank you very much for the interview.

The other management members were personally sued by Energy Capital Partners for 100 million US dollars, underlining the seriousness of our dispute and his personal commitment to our cause. However, it is important to mention that this lawsuit was dismissed by the Houston court in all material aspects. This decision strengthens our position and underscores the legitimacy of our case against Energy Capital Partners.

Following the successful admission of our lawsuit, we enter the so-called Discovery Phase. This phase is crucial as it requires absolute disclosure of all relevant documents and communications from all parties involved – a step that will give us deep insights into the case. We see this as an opportunity to further strengthen our position and bring the truth to light.

The admission of the lawsuit marks an important milestone in the legal processing of the case. The corporate misconduct of Energy Capital Partners in managing DOGSA’s Kitchen Lights This case could serve as a precedent for similar future cases and emphasizes the necessity of transparent and fair trading practices. It also stresses the importance of investor protection.

The shareholders of DOGSA stand united in this process. “Our unity and commitment to justice are our greatest strength, and we are determined to continue this fight until justice is achieved for every single shareholder.”