MATERIAL LITIGATION BARAKAH OFFSHORE PETROLEUM BERHAD ("BARAKAH" OR THE "COMPANY") - MATERIAL DEVELOPMENTS / UPDATES OF ARBITRATION PROCEEDING BY PBJV GROUP SDN BHD ("PBJV") AGAINST PETRONAS GAS BERHAD ("PGB")
BARAKAH OFFSHORE PETROLEUM BERHAD |
Type | Announcement |
Subject | MATERIAL LITIGATION |
Description | BARAKAH OFFSHORE PETROLEUM BERHAD ("BARAKAH" OR THE "COMPANY") - MATERIAL DEVELOPMENTS / UPDATES OF ARBITRATION PROCEEDING BY PBJV GROUP SDN BHD ("PBJV") AGAINST PETRONAS GAS BERHAD ("PGB") |
Reference is made to the Company’s previous announcements dated 2 October 2019 and 28 November 2019 in respect of the above matter.
The Company wishes to update that PGB had made two (2) interlocutory applications in the said arbitration proceedings namely, application for Security for Costs and application for Preliminary Determination / Jurisdictional Challenge (to nullify the arbitration proceeding). The hearing of both the applications had taken place on 28 July 2022.
Through the arbitrators’ decision in respect of both the applications dated 2 September 2022, the said applications were dismissed and hearing dates for the Arbitration Proceedings were accordingly fixed on:
b) 7 – 9 November 2022; c) 14 – 16 November 2022.
This announcement is dated 2 September 2022. |
Announcement Info
Company Name | BARAKAH OFFSHORE PETROLEUM BERHAD |
Stock Name | BARAKAH |
Date Announced | 02 Sep 2022 |
Category | General Announcement for PLC |
Reference Number | GA1-02092022-00044 |