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According to the respondent, it formally served notices on the sapura entities on 13 march 2023 to partially terminate the contract with sapura fabrication for cause and reduce the scope of the contract with sapura offshore. Shell set out changes to the contract in june this year, for the project offshore. 7 to resolve its impeding financial troubles, the sapura group has commenced efforts to restructure its debts through individual schemes of arrangement in malaysia for the members of the group, including the sapura entities
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These efforts remain on foot at the time of the present applications. The operator claimed to cancel the contract for cause in march, alleging breaches from sapura fabrication Sapura energy bhd has been served with a €50 million (rm256.16 million) arbitration claim from the developer of the yunlin offshore wind farm project over alleged contract breaches.
Brunei shell petroleum (bsp) has launched legal action against sapura energy in the singapore international arbitration centre (siac), seeking damages from the malaysian company relating to two.
(sosb) have been served with a eur 50 million arbitration claim from yunneng wind power, the developer of the yunlin offshore wind farm in taiwan, over alleged contract breaches.
