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

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 mana...

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Main Author: Wan Zahari, Wan Mohd Zulhafiz
Format: Proceeding Paper
Language:English
English
Published: 2019
Subjects:
Online Access:http://irep.iium.edu.my/75060/
http://irep.iium.edu.my/75060/16/75060%20FROM%20NORTH%20SEA%20TO%C2%A0THE%C2%A0SOUTH%20CHINA%20SEA.pdf
http://irep.iium.edu.my/75060/17/75060%20slide.pdf
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author Wan Zahari, Wan Mohd Zulhafiz
author_facet Wan Zahari, Wan Mohd Zulhafiz
author_sort Wan Zahari, Wan Mohd Zulhafiz
building IIUM Repository
collection Online Access
description 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.
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format Proceeding Paper
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institution International Islamic University Malaysia
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language English
English
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publishDate 2019
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spelling iium-750602019-11-06T00:49:50Z http://irep.iium.edu.my/75060/ 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 K Law (General) KD England and Wales KDC Scotland KPG Malaysia 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. 2019 Proceeding Paper NonPeerReviewed application/pdf en http://irep.iium.edu.my/75060/16/75060%20FROM%20NORTH%20SEA%20TO%C2%A0THE%C2%A0SOUTH%20CHINA%20SEA.pdf application/pdf en http://irep.iium.edu.my/75060/17/75060%20slide.pdf 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)
spellingShingle K Law (General)
KD England and Wales
KDC Scotland
KPG Malaysia
Wan Zahari, Wan Mohd Zulhafiz
From North Sea to the South China Sea: the implementation of Industry Mutual Hold Harmless (IMHH) deed in Asean oil and gas industry
title From North Sea to the South China Sea: the implementation of Industry Mutual Hold Harmless (IMHH) deed in Asean oil and gas industry
title_full From North Sea to the South China Sea: the implementation of Industry Mutual Hold Harmless (IMHH) deed in Asean oil and gas industry
title_fullStr From North Sea to the South China Sea: the implementation of Industry Mutual Hold Harmless (IMHH) deed in Asean oil and gas industry
title_full_unstemmed From North Sea to the South China Sea: the implementation of Industry Mutual Hold Harmless (IMHH) deed in Asean oil and gas industry
title_short From North Sea to the South China Sea: the implementation of Industry Mutual Hold Harmless (IMHH) deed in Asean oil and gas industry
title_sort from north sea to the south china sea: the implementation of industry mutual hold harmless (imhh) deed in asean oil and gas industry
topic K Law (General)
KD England and Wales
KDC Scotland
KPG Malaysia
url http://irep.iium.edu.my/75060/
http://irep.iium.edu.my/75060/16/75060%20FROM%20NORTH%20SEA%20TO%C2%A0THE%C2%A0SOUTH%20CHINA%20SEA.pdf
http://irep.iium.edu.my/75060/17/75060%20slide.pdf