Press release
Boskalis wins summary proceedings against payment of EUR 39.5 million in bank guarantees due to sanctions on Russian project
Boskalis wins summary proceedings against payment of EUR 39.5 million in bank guarantees due to sanctions on Russian project Papendrecht, 9 June 2022 In light of European sanctions legislation, Boskalis suspended its activities on a Russian LNG project earlier this year. In response to this decision, the client Saren B.V. was of the opinion that there was a breach of contract and consequently made a claim for payment of EUR 39.5 million under