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....
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.
Australia Passes Law Targeting WhatsApp and Signal
New law thrusts Australia to centre of global battle over privacy and security
Australia’s parliament passed some of the world’s toughest anti-encryption legislation Thursday, installing a bill that seeks to force Facebook Inc. and other tech giants to help decode messages used in terrorism and organized crime.
Under new powers to be given to police and intelligence agencies, companies may be required to help decrypt communications on platforms such as WhatsApp, Telegram and Signal, and even insert code to help capture data.