What specific contractual remedies are being pursued for the RM571.9 million payment?

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Malaysia Pursues Contractual Remedies for Naval Strike Missile Payment

Malaysia is actively pursuing contractual remedies to recover the RM571.9 million already paid for the Naval Strike Missile (NSM) system, following Norway's revocation of the export licence. The Defence Ministry is invoking specific provisions within the contract to safeguard the nation's interests and is submitting claims for both the recovered payment and any associated damages.
Claims for Payment Recovery and Damages Submitted

The Defence Ministry has initiated the process of submitting claims to recover the RM571.9 million that has already been disbursed for the NSM system. In addition to seeking the reimbursement of this sum, Malaysia is also pursuing related damages as stipulated under the contractual remedies available.
Contractual Provisions Invoked to Protect Interests

Specific contractual provisions are being invoked by the Defence Ministry to ensure the protection of Malaysia's interests in light of Norway's decision. These measures are designed to address the situation arising from the revoked export licence and to secure the financial outlay already made.
Payment Made in Accordance with Contractual Terms

The RM571.9 million payment made for the NSM system is confirmed to have been disbursed after the supplier completed the required work, not as an advance payment. All NSM systems had been fully manufactured, successfully passed the Royal Malaysian Navy's required tests, and were ready for delivery at the time of payment, adhering to the contract's terms.
Contractual Safeguards Confirmed

Contrary to claims of a lack of protection, the contract for the NSM system is stated to contain clauses that allow Putrajaya to take action in cases of non-performance or breach of contractual obligations. These provisions are in place to safeguard the government's interests throughout the agreement.

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What specific contractual remedies are being pursued for the RM571.9 million payment?

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