By attributing 100% of oil resources via a leonine clause of the contract, Glencore made a mistake.

The Supreme Court ruled in 1998 that the mere fact of serving the corporate interest is the criterion for assessing if the contract is a potential leonine clause.

The Supreme Court ruled in 1998 that the mere fact of serving the corporate interest is the criterion for assessing if the contract is a potential leonine clause.

Before debating the nature of societas leonina, the article defines the concept of loss, in order to differentiate it from other accounting terms with whom it may be mistaken, like debt or expenditure.

For example, the conditions may not be pure potestative (depend on the will of one party) and the earn out may not be a hidden leonine clause.