Fabrication of Oil Rig Materials, Kota Kinabalu
- Role: Court Appointed Liquidator
- Appointment as liquidator: Our partner was appointed by the High Court of Kota Kinabalu to act as the liquidator for an oil and gas company in Kota Kinabalu, which is the local operating arm of a Korean oil and gas company. This likely involved legal proceedings and assuming responsibility for managing the company's affairs during liquidation.
- Managing debt settlement dispute: Our partner is managing an ongoing debt settlement dispute amounting to RM53 million. This involves negotiating with creditors to settle the debt and preparing for arbitration proceedings with the Asian International Arbitration Centre and Singapore International Arbitration Centre.
- Arbitration preparation: Our partner is preparing for arbitration proceedings with the Asian International Arbitration Centre and Singapore International Arbitration Centre. This involves gathering evidence, preparing legal arguments, and ensuring all necessary steps are taken for the arbitration process to commence.