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....
Sharia investment start-up aims for Malaysia, India expansion
Wahed Invest hopes to launch in Malaysia, India and Nigeria
There are 172 million Muslims in India — roughly equivalent to 10 per cent of the world’s entire Muslim population — and yet there isn’t one Islamic bank.
Junaid Wahedna thought that was strange.
So, when Wahedna was 22, he started his own Sharia-compliant finance company with $30,000 (Dh110,175). Three years later, Wahed Invest is now valued at $100 million, according to Wahedna, the firm’s chief executive.
Company director hit with record $113,400 fine
Director fined S$113,400 for multiple breaches of Companies Act
His breaches of Companies Act include failure to hold AGMs and not filing annual returns for nine firms.
A company director has been given a record fine for multiple breaches of the Companies Act, including failing to hold annual general meetings (AGMs) and not filing annual returns for nine companies.
Tan Hang Song was fined $113,400, the Accounting and Corporate Regulatory Authority (Acra) said in a statement yesterday.
His punishment was nearly double the previous record of $57,000 meted out by the courts last July.