KUALA LUMPUR: Emirates International Energy Services, which is involved in a dispute with SIME DARBY BHD [] in Abu Dhabi, has served the official suit papers and it seeking US$178.2 million in compensation.
Sime Darby said on Thursday, March 17 the amount claimed by Emirates International comprised a payment of US$128.20 million and US$50 million for 'commissions' and 'moral compensation' respectively.
Sime Darby said the official suit papers filed into the Judicial Department of Abu Dhabi by Emirates International was served on its unit Sime Darby Engineering Sdn Bhd, through the Federal Court of Malaysia, on Wednesday.
To recap, Emirates International and Sime Darby Engineering had signed an exclusive agency agreement in September 2006 in the United Arab Emirates.
Under the agency agreement, Emirates International was contracted to, amongst others, identify suitable projects for potential participation of Sime Darby Engineering.
Emirates International was taking action against Sime Darby Engineering for compensation for not participating in the projects that the former had identified for the latter.
'Based on preliminary knowledge of the facts, Sime Darby Engineering's external solicitors have advised that the claims set out in the suit have no merits.
'Sime Darby Engineering is currently appointing local counsel in UAE to represent its interest and defend the suit accordingly,' it said.
Sime Darby said on Thursday, March 17 the amount claimed by Emirates International comprised a payment of US$128.20 million and US$50 million for 'commissions' and 'moral compensation' respectively.
Sime Darby said the official suit papers filed into the Judicial Department of Abu Dhabi by Emirates International was served on its unit Sime Darby Engineering Sdn Bhd, through the Federal Court of Malaysia, on Wednesday.
To recap, Emirates International and Sime Darby Engineering had signed an exclusive agency agreement in September 2006 in the United Arab Emirates.
Under the agency agreement, Emirates International was contracted to, amongst others, identify suitable projects for potential participation of Sime Darby Engineering.
Emirates International was taking action against Sime Darby Engineering for compensation for not participating in the projects that the former had identified for the latter.
'Based on preliminary knowledge of the facts, Sime Darby Engineering's external solicitors have advised that the claims set out in the suit have no merits.
'Sime Darby Engineering is currently appointing local counsel in UAE to represent its interest and defend the suit accordingly,' it said.
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