A row over the ownership of a joint venture between restructuring Emas Offshore (EOL) and Perisai Petroleum Teknologi has broken out again.
The deadline to complete a settlement agreement for the sale of Perisai's 51% stake in single-ship company SJR Marine to EOL has lapsed.
EOL said this left Perisai obliged to stick to an earlier deal that would allow it to acquire the holding for a token $1, while Perisai said a put option for it to sell the shares to EOL had been revived.
