Unfair risk allocation in oil and gas upstream service contracts in Malaysia: the necessity for Oilfield Anti-indemnity Act

• Main Authors: Wan Zahari, Wan Mohd Zulhafiz, Abdul Rahman, Nasarudin
• Format: Article
• Language: English; English; English
• Published: Universiti Malaysia Sarawak 2020
• Subjects: K Law (General); K1001 Commercial Law
• Online Access: http://irep.iium.edu.my/80397/1/80397_Unfair%20risk%20allocation%20in%20oil.pdf; http://irep.iium.edu.my/80397/2/80397_Unfair%20risk%20allocation%20in%20oil_SCOPUS.pdf; http://irep.iium.edu.my/80397/3/80397_Unfair%20risk%20allocation%20in%20oil_WOS.pdf; http://irep.iium.edu.my/80397/; http://www.ijbs.unimas.my/images/repository/pdf/Vol21-S1-paper13.pdf

In Malaysia, the absence of a law to regulate imbalanced risk allocation and unfair indemnity and hold harmless clauses in oil and gas service contracts should be perceived as a serious problem. Such deficiency leads to the problem of inequality of bargaining power resulting from the dominant positi...