In a recent development, Singapore’s state-owned marine unit, Seatrium, has been ordered to pay $108 million in an arbitration case to MHWirth while it finds itself simultaneously embroiled in a corruption investigation worth $110 million. Read more.
The specific details of the case remain unclear as the original article is paywalled. However, it appears that two separate incidents are affecting Seatrium.
- Firstly, the arbitration case where it has been concluded that Seatrium must pay $108 million to MHWirth.
- Secondly, it is under investigation for potential corruption involving $110 million.
This series of events has put Seatrium under the spotlight, inviting scrutiny from legal professionals around the globe.Find out more here.