Is this legal? Even if it is, it is morally wrong. I am embarrassed we are selling to the te------t state. Mortified that Scotland is involved. While Scotland gives asylum to Ukrainians, our company goes ahead and supplies the aggressors and at the same time, claim handouts from the Scottish govt. This world is honestly messed up. I wish some higher force will call the Board to task.
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Buncha clowns thick as mince
I don’t think that’s what that post was trying to say. I think the point they were trying to make was declare force majeure and see if Novatek try to sue the company in as US or UK court for breach of contract.
Here we go. It’s Perry Mason 2.0 who’s never picked up a law book.
A court will not hold a trial just to see how far it goes because court trials are time-consuming and expensive. They make exceptions, for example, where there is high public interest or where settled law needs to be revisited because values can change over time, e.g. human rights.
I doubt many people are interested in a particular service company selling d-mb iron overseas. Lots of companies will be affected by Ukraine but they can’t hold a court trial for all of them.
I think we should have declared force majeure and seen how far legal proceedings in a western court (UK or US) got under the present circumstances in Ukraine. What would have been the downside to that position? We miss out on $20m+ in revenue? Do we want that money considering where it’s come from? Do we want the DOJ/DPP coming after us? Anyone remember Saddam Husseins supergun and the people who landed up in court for unknowingly supplying parts for that we-pon? Or is corporate memory that short now we believe we can get away with anything? Or are we just completely insane?
The optics of all this makes it look like nobody in Baker Hughes knows what force majeure is. Maybe a Supreme Court judge can enlighten them!
Doubt if anyone in Scotland knows what force majeure is.
This sale fits the level of integrity that our Chairman has perfectly
Do you keyboard jockeys know what contract law is? It’s not something you learn online over 10 mins followed by 5 questions before you pass. You gotta know your stuff ok buddy boy. For a big fee I can give you sound legal advice.
Hey this is dum iron company not attorneys office ok bro ffs
This is the last place to find credible legal advice on contract law. The only expert opinion you get here is on painting and chipping rust.
No matter how far back the original contract was signed, the ethical way to have dealt with this situation would have been to declare force majeure due to the extraordinary events in Ukraine and put any remaining oilfield equipment into storage until such time the contract requirements could be honored, without supporting the revenue streams of a hostile nation, and its aggressive military operations in a sovereign nation. Weasel words and arcane legal interpretation of the law of contract does not apply here. At least one cell, maybe more, should be getting allocated at a supermax penitentiary for whoever thought this was a good idea for a paltry $25mm when the DOJ come a knocking in Houston. It can be a fabulously short journey from making millions to making number plates! Remember orange is the new black!
Fear uncertainty doubt, who spewed this sh!te
I was going to say this behaviour after the £500m the Bank of England loaned Baker Hughes while they were laying UK workers off at multiple locations during lockdown was lower than a snakes belly in a wagon rut. But I cant. This is just total treachery by a UK subsiduary of a U.S. Company That has already had a $44 million fine for FCPA violations under its belt. They have sunk below the deepest layer of prehistoric frog s—t lurking at the bottom of the Buffalo Bayou!
Morality and Baker certainly don't belong in the same sentence. Mediocrity and Baker go together perfectly
Nothing to see here; just move along kiddos. Besides, who you going to trust (me or your lying eyes!)?
Nothing moral about business, just need sell the pesky Russians more
Scaminelli treading water. Even with shady sales like this, we struggled to make money this year. It wreaks of desperation, which should be concerning given the price of oil over the last 1.5 years
Tell the news
I’m pretty sure it’s not okay given sanctions against Russia get ready to meet OFAC