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Sembcorp and SembMarine face lawsuit linked to Sete Brasil

Jeffrey Tan Published on Wed, May 25, 2016 / 8:04 AM GMT+8

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SINGAPORE (May 25): Sembcorp Industries (SCI) and Sembcorp Marine (SembMarine) have been named as defendants in a lawsuit filed by EIG Management Company, a fund management company based in Washington, US.

The lawsuit pertains to EIG's investments of over US$221 million ($305.2 million) in troubled Sete Brasil that may soon declare bankruptcy.

It was filed in the United States District Court, District of Columbia, though SCI says it has yet to be served with the court papers in relation to the lawsuit.

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