The legal regulatory framework for unfair risk allocation in oilfield service contracts in Malaysia

Many oilfield service contracts in Malaysia contain an imbalanced allocation of liability and unfair indemnity and hold harmless clauses. Therefore, the legality of oilfield service contracts, and in particular the risk allocation provisions, will be explored and analysed in this study. It is also e...

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Bibliographic Details
Main Author:	Wan Zahari, Wan Mohd Zulhafiz
Format:	Monograph
Language:	English
Published:	2017
Subjects:	K Law (General) KPG Malaysia
Online Access:	http://irep.iium.edu.my/59572/ http://irep.iium.edu.my/59572/1/END%20OF%20PROJECT%20REPORT%20FORM%20-%20RIGS.docx

id	iium-59572
recordtype	eprints
spelling	iium-595722017-12-25T13:08:04Z http://irep.iium.edu.my/59572/ The legal regulatory framework for unfair risk allocation in oilfield service contracts in Malaysia Wan Zahari, Wan Mohd Zulhafiz K Law (General) KPG Malaysia Many oilfield service contracts in Malaysia contain an imbalanced allocation of liability and unfair indemnity and hold harmless clauses. Therefore, the legality of oilfield service contracts, and in particular the risk allocation provisions, will be explored and analysed in this study. It is also expected that the findings from this research will shed light on the problem concerning imbalanced risk allocation provisions and unfair indemnity and hold harmless clauses. Combining empirical evidence with legal doctrinal study, this research will propose a regulatory framework and practical measures to the Malaysian legislative body. Thus, a suitable legal mechanism will be proposed in order to solve this problem. The regulations are designed to address the issue of imbalanced risk allocation and unfair indemnity and hold harmless clauses between the operator and contractor in the oilfield service contracts in Malaysia. This study suggests a specific statutory law designed to regulate unfair risk allocation provisions and imbalanced indemnity and hold harmless clauses. The proposed law would seek to protect the interest of contractors in Malaysia and would be called: the Malaysian Oilfield Anti-Indemnity Act 2017-11-17 Monograph NonPeerReviewed application/pdf en http://irep.iium.edu.my/59572/1/END%20OF%20PROJECT%20REPORT%20FORM%20-%20RIGS.docx Wan Zahari, Wan Mohd Zulhafiz (2017) The legal regulatory framework for unfair risk allocation in oilfield service contracts in Malaysia. Research Report. UNSPECIFIED. (Unpublished)
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	K Law (General) KPG Malaysia
spellingShingle	K Law (General) KPG Malaysia Wan Zahari, Wan Mohd Zulhafiz The legal regulatory framework for unfair risk allocation in oilfield service contracts in Malaysia
description	Many oilfield service contracts in Malaysia contain an imbalanced allocation of liability and unfair indemnity and hold harmless clauses. Therefore, the legality of oilfield service contracts, and in particular the risk allocation provisions, will be explored and analysed in this study. It is also expected that the findings from this research will shed light on the problem concerning imbalanced risk allocation provisions and unfair indemnity and hold harmless clauses. Combining empirical evidence with legal doctrinal study, this research will propose a regulatory framework and practical measures to the Malaysian legislative body. Thus, a suitable legal mechanism will be proposed in order to solve this problem. The regulations are designed to address the issue of imbalanced risk allocation and unfair indemnity and hold harmless clauses between the operator and contractor in the oilfield service contracts in Malaysia. This study suggests a specific statutory law designed to regulate unfair risk allocation provisions and imbalanced indemnity and hold harmless clauses. The proposed law would seek to protect the interest of contractors in Malaysia and would be called: the Malaysian Oilfield Anti-Indemnity Act
format	Monograph
author	Wan Zahari, Wan Mohd Zulhafiz
author_facet	Wan Zahari, Wan Mohd Zulhafiz
author_sort	Wan Zahari, Wan Mohd Zulhafiz
title	The legal regulatory framework for unfair risk allocation in oilfield service contracts in Malaysia
title_short	The legal regulatory framework for unfair risk allocation in oilfield service contracts in Malaysia
title_full	The legal regulatory framework for unfair risk allocation in oilfield service contracts in Malaysia
title_fullStr	The legal regulatory framework for unfair risk allocation in oilfield service contracts in Malaysia
title_full_unstemmed	The legal regulatory framework for unfair risk allocation in oilfield service contracts in Malaysia
title_sort	legal regulatory framework for unfair risk allocation in oilfield service contracts in malaysia
publishDate	2017
url	http://irep.iium.edu.my/59572/ http://irep.iium.edu.my/59572/1/END%20OF%20PROJECT%20REPORT%20FORM%20-%20RIGS.docx
first_indexed	2023-09-18T21:24:24Z
last_indexed	2023-09-18T21:24:24Z
_version_	1777412094636851200

The legal regulatory framework for unfair risk allocation in oilfield service contracts in Malaysia

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