SEADRILL GHANA OPERATIONS LIMITED v. TULLOW GHANA LIMITED
ENGLAND AND WALES HIGH COURT
Drilling for oil is a risky business. Oil companies seek to protect themselves against the financial consequences of risk by appropriate clauses in their contracts, for example, by a force majeure clause. This case concerns a contract for the hire of an ex pensive oil rig which contained such a clause. During the course of a territorial sea dispute between neighbouring states the arbitration tribunal determining that dispute required drilling to cease in the disputed sea where drilling was to take place....
Burberry and Louis Vuitton lose counterfeiting case in Singapore
Burberry, Louis Vuitton lose appeal in trademark dispute against freight forwarder Megastar
Burberry and Louis Vuitton have lost their appeal in the Supreme Court of Singapore in a trademark dispute against a local shipping company.
Malaysian sukuk: A superior alternative to traditional bonds
Investors, regardless of faith, continue to embrace Sukuk
The world’s first sukuk inaugurated in Malaysia back in 1990, when Shell MDS (M) Sdn Bhd launched a US$125 million (RM525 million) issue in ringgit. Since then, the popularity of sukuk, which are non-interest bearing, Shariah-compliant fixed income instruments, has gone from strength to strength, especially in Malaysia.
For years, sukuk have seen high demand from Islamic investors as well as conventional ones in Malaysia, where many regard this asset class as a superior alternative to traditional bonds.