Therium backs claim against Republic of Kazakhstan

Therium is backing UK-based Victoria Oil and Gas (AIM: VOG) in its arbitration proceedings with the Republic of Kazakhstan. After investing over US $35 million into an oil field, Kazakhstan invalidated the company’s rights to the oil field and seized assets on site, forcing the company to suspend oil production in June 2008. Read more.

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Government hunkers down in standoff with Sulu Sultan’s heirs

The standoff between the heirs of the late Sultan of Sulu and the Malaysian government over the US$14.92 billion Therium-backed claim over unpaid yearly leases continues to make the headlines, with former attorney general Tan Sri Tommy Thomas saying last week that the award is “completely illegitimate”.

In the News

Special Report: The Sulu heirs’ claims – A thorn in Malaysia’s side

There is supposedly an immense amount of wrangling behind the scenes of the US$14.92 billion claim and ongoing dispute between the eight heirs of the late Sultan of Sulu and the Malaysian government, and the Therium-backed claim couldn’t have happened at a worse time for the country amid its unstable political situation.

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