• RM576 Save up to RM288 with the Yearly Premium Plan (Limited Time Only)
  • RM480 Save up to RM240 with the Yearly Advanced Plan (Limited Time Only)
Subscribe Now
premium Subscription Plan
add free StockBiz
YouTube MS Production

Last Price Change Volume
KLSE Market Watch
Open: Day Range: Prev Close:


OTHERS Litigation in the Court of Appeal of Western Australia between Armada Balnaves Pte Ltd and Woodside Energy Julimar Pty Ltd

BUMI ARMADA BERHAD

Type Announcement
Subject OTHERS
Description
Litigation in the Court of Appeal of Western Australia between Armada Balnaves Pte Ltd and Woodside Energy Julimar Pty Ltd

The previous announcements made on 4 March 2016, 8 March 2016, 11 March 2016, 14 March 2016, 21 April 2016, 28 January 2020, 31 January 2020, 27 February 2020 and 24 June 2022, respectively, by Bumi Armada Berhad (“Bumi Armada”) on the above matter refers.

 

The matter arose out of a dispute between Armada Balnaves Pte Ltd (“ABPL”), our wholly owned subsidiary, and Woodside Energy Julimar Pty Ltd (“WEJ”) in relation to a contract for the provision of FPSO services dated 30 September 2011 (“Contract”). On 4 March 2016, WEJ purported to terminate the Contract by issuing a notice of termination to ABPL which ABPL considered as a repudiation of the Contract, which entitled ABPL to damages.

 

On 14 March 2016, ABPL filed a Writ of Summons in the Supreme Court of Western Australia (“Supreme Court”) against WEJ for, inter alia, (i) a declaration that WEJ was in repudiatory breach of the Contract and (ii) damages for WEJ’s breach of the Contract. On 24 January 2020, the Supreme Court delivered its judgment in favour of WEJ on ABPL’s main claim of repudiation of the Contract.

 

On 11 March 2020, ABPL filed an appeal against the Supreme Court’s decision at the Court of Appeal of the Supreme Court of Western Australia (“Court of Appeal”). The appeal was heard by the Court of Appeal from 20 July 2021 to 23 July 2021.

 

On 24 June 2022, the Court of Appeal delivered its judgment in favour of WEJ. 

 

On 10 November 2022, the High Court of Australia dismissed an application made by ABPL for special leave to appeal part of the judgment of the Court of Appeal and ordered ABPL to pay WEJ’s costs.

 

Today’s decision brings this matter to a conclusion.

 

This announcement is dated 10 November 2022.






Announcement Info

Company Name BUMI ARMADA BERHAD
Stock Name ARMADA
Date Announced 10 Nov 2022
Category General Announcement for PLC
Reference Number GA1-10112022-00025



Close
New Feature
MS Academy
AI StockMaster. Beat The Market! Checking MS Signal
DETECT REAL-TIME STOCK MOVEMENT
X
(InvestorPro Plan Only)
Complimentary access on Premium Plan*
What is AI StockMaster?
Window Alert On-Screen Alert X
X