Saturday , November 28 2020

Maritime

Breach of Contract: Samsung Allegedly Receives $214m from Total Upstream Nigeria for Yard Construction

Breach of Contract: Samsung Allegedly Receives $214m from Total Upstream Nigeria for Yard Construction

…Falsely claims yard ownership …Can’t show proof of capital investment Evidence has emerged that Samsung Heavy Industries Nigeria Limited, SHIN, alledgely collected US$214 million from Total Upstream Nigeria for construction of a shipyard for Nigeria as part of the multi-billion-dollar Egina project, but is now claiming ownership of the yard. …

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