
Keppel Chases $68.4M From Ex-Partner Seatrium - Arbitration Could Change Singapore Trading Forever
Key Points
- Keppel is pursuing $68.4 million from Seatrium amid a messy ...
When your business divorce gets messier than a soap opera plot, you know someone's walking away with a hefty bill. Keppel is now hunting down $68.4 million from Seatrium (formerly Sembcorp Marine) in what might be Singapore's most expensive game of "who pays for the corruption cleanup."
The drama stems from Brazil's Operation Car Wash - that sprawling corruption investigation that's been gift that keeps on giving for lawyers worldwide. Seatrium just coughed up 728.9 million reals (about $168.4 million) to Brazilian authorities as part of a leniency agreement. Think of it as an expensive "sorr...
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