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  • 13 minutes ago
The High Court in Kuching has ruled that PETRONAS' call on a RM7.95mil bank guarantee in relation to gas supply to Petroleum Sarawak Bhd (Petros) was valid and not unconscionable or unlawful.

Justice Faridz Gohim Abdullah said the bank guarantee was validly called and invoked in accordance with its terms.

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Transcript
00:10so the constitutional issue will now be decided by the federal court since the high court declined
00:19to decide on constitution and make a commercial decision okay so we'll bring to the federal
00:27police sorry so we wait wait for the federal court when is it maybe on the 16 and a later
00:36date
00:38okay this month 15 next month sorry 16 of march okay
00:46petrosus application for you know petrosus os has been dismissed with cost of 50 000
00:53which means that the call on the bank guarantee by petronas has been held to be valid and that
01:00the judge also held that petros had failed to prove that the call on the bank guarantee was unconscionable
01:08or that it was unlawful in so far as the constitutional issues are concerned the learned
01:14judge was of review that those are matters that fell outside the scope of the originating summons
01:19and that the proper forum for it to be decided on the constitutionality of the two rival laws so to
01:26speak the pda which is federal law and the dgo which is sarawak law should be done in the federal
01:33court so that is today's decision so anything uh pertaining to the both both laws will be
01:40decided on the 16th of march that's right on the 16th of march petronas is applying for leave
01:46to take up the issue in the federal court i believe it is being opposed so that's where the forum
01:53is
01:53going to be in the federal court right and i think you know that sarawak has since filed its own
01:59petition
02:00and i think that will also have to come up so basically the questions of the constitutionality of
02:06laws that is the pda 1974 which is federal law and the dgo 2016 which is sarawak law will all
02:14be decided
02:14in the federal court i think all of you are welcome to come to care and hear the arguments that
02:22all
02:22all right thank you all right thank you all right all the best
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