SUBSCRIBERS

POSH's Saudi legal tussle hots up with countersuit

Published Thu, Apr 7, 2016 · 09:50 PM

Singapore

THE legal tussle between PACC Offshore Services Holdings Ltd (POSH) and Saudi Arabia-based Makamin Offshore Saudi Ltd pertaining to offshore support vessel business dealings between the two parties looks set to heat up with the latter countersuing the former.

Makamin said in a statement issued to BT that it had filed a lawsuit against POSH in Saudi Arabia on March 16 relating to alleged breaches of obligations under Saudi laws.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes