Keppel Initiates Arbitration Against Seatrium Over Brazil Corruption Case

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2025-08-27

Stock Track | Seatrium Plummets 3% as Keppel Files $53 Million Arbitration Claim

2025-08-27

Seatrium Plummets 3% as Keppel Initiates $53 Million Arbitration Claim

2025-08-27

SG Morning Call | Singapore Stocks Open Lower; Keppel Files for $53 Million Claim Against Seatrium

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Alexandro

2025-08-27

Its planned way before !

Stock Track | Seatrium Plummets 3% as Keppel Files $53 Million Arbitration Claim

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 Received a Notice of Arbitration From Keppel","subtitle":"","subtitle_show":0,"pub_time":1756201206497,"source_id":"reuters_en_live","language":"en","url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250826:nFWN3UI0BT:2","is_publish_highlight":0,"symbols_score_info":{"BN4.SI":0.9},"rights":null},{"id":339705,"article_id":"1116790132","title":"吉宝有限公司发布仲裁通知，针对Seatrium启动仲裁程序索取赔偿金额","subtitle":"","subtitle_show":0,"pub_time":1756200022632,"source_id":"美股速递","language":"zh","url":"","is_publish_highlight":0,"symbols_score_info":{"BN4.SI":1},"rights":null},{"id":339706,"article_id":"1167528203","title":"吉宝有限公司 - 根据最终宽大处理协议，Seatrium宣布需支付总计7.289亿巴西雷亚尔的最终和解金","subtitle":"","subtitle_show":0,"pub_time":1756200002893,"source_id":"美股速递","language":"zh","url":"","is_publish_highlight":0,"symbols_score_info":{"BN4.SI":1},"rights":null},{"id":339708,"article_id":"2562078905","title":"Keppel - Notice of Arbitration Issued to Commence Arbitration Proceedings Against Seatrium for Claim Amount","subtitle":"","subtitle_show":0,"pub_time":1756199841582,"source_id":"reuters_en_live","language":"en","url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250826:nFWN3UI03S:1","is_publish_highlight":0,"symbols_score_info":{"BN4.SI":0.9},"rights":null},{"id":339711,"article_id":"2562278909","title":"Keppel - 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This claim is related to Brazil's corruption crackdown, known as Operation Car Wash, and stems from indemnity terms agreed upon when Keppel divested its offshore and marine business to Seatrium (formerly Sembcorp Marine) in 2022.</p>\n\n<p>Seatrium had previously made provisions of S$82.4 million to indemnify Keppel against claims related to Operation Car Wash. However, Seatrium argues that the obligation to pay Keppel expired in February of this year, and no binding agreements were signed with Brazilian authorities before that date. The dispute highlights ongoing legal and financial challenges facing Seatrium, which earlier this year agreed to pay 728.9 million Brazilian real (about $134.45 million) to Brazilian authorities as part of leniency agreements related to the corruption investigation.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"5E2.SI":"海庭"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197608720","content_text":"Shares of Seatrium Ltd (5E2.SI) plummeted 3% in pre-market trading on Wednesday, following news that Keppel Corporation has initiated arbitration proceedings against the company for a significant claim related to a Brazilian corruption case.\nThe stock's sharp decline comes after Keppel announced it would start arbitration proceedings against Seatrium for a S$68.4 million (approximately $53.33 million) claim. This claim is related to Brazil's corruption crackdown, known as Operation Car Wash, and stems from indemnity terms agreed upon when Keppel divested its offshore and marine business to Seatrium (formerly Sembcorp Marine) in 2022.\nSeatrium had previously made provisions of S$82.4 million to indemnify Keppel against claims related to Operation Car Wash. However, Seatrium argues that the obligation to pay Keppel expired in February of this year, and no binding agreements were signed with Brazilian authorities before that date. The dispute highlights ongoing legal and financial challenges facing Seatrium, which earlier this year agreed to pay 728.9 million Brazilian real (about $134.45 million) to Brazilian authorities as part of leniency agreements related to the corruption investigation.","news_type":1,"symbols_score_info":{"5E2.SI":1}},"isVote":1,"tweetType":1,"viewCount":277,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}]}