From North Sea to the South China Sea: the implementation of Industry Mutual Hold Harmless (IMHH) deed in Asean oil and gas industry

Wan Zahari, Wan Mohd Zulhafiz (2019) From North Sea to the South China Sea: the implementation of Industry Mutual Hold Harmless (IMHH) deed in Asean oil and gas industry. In: ASEAN Law Academy Conference 2019, 15th-23 August 2019, Singapore. (Unpublished)

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Abstract

This research aims at determining the feasibility of implementing the Industry of Mutual Hold Harmless Deed (“IMHH”) in the ASEAN oil and gas industry legal framework. Currently, the IMHH applies to the UK’s territory of the North Sea and the Irish Sea. It was created to support and effectively manage the inherent risks in offshore activities in the oil and gas industry whereby a company is considerably in a better position will protect its own people and equipment by providing an indemnification. In this regard, companies are more certain of the risks they must insure and could avoid multiple insurance policies on the same risk. However, it is important to note that some modification of the IMHH model should be made to accommodate peculiar circumstances. In doing so, ASEAN policies and practices should be taken into consideration in the discussion. In addition, the local law of the respective ASEAN member states is equally essential to be analysed. Hence, the methodology employed in this research will be a comparative analysis which will be carried out in a descriptive, analytic and prescriptive manner.

Item Type:	Conference or Workshop Item (Plenary Papers)
Additional Information:	7704/75060
Uncontrolled Keywords:	oil and gas, contracts, risk allocation, petroleum, ASEAN
Subjects:	K Law > K Law (General) K Law > KD England and Wales K Law > KD England and Wales > KDC Scotland K Law > KPG Malaysia
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Ahmad Ibrahim Kulliyyah of Laws
Depositing User:	Dr. Wan Mohd Zulhafiz Wan Zahari
Date Deposited:	06 Nov 2019 08:49
Last Modified:	06 Nov 2019 08:49
URI:	http://irep.iium.edu.my/id/eprint/75060

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