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Local company files for USD464 million debt repayment petition in Laos
['Renato Marques', 'More Author']
MACAU DAILY TIMES 澳門每日時報
According to the petition, Sanum’s legal representatives noted that “there is no longer any genuine dispute over the debt itself.”
They further remarked: “This action is not about acknowledging and enforcing an international arbitral award: it is about recognizing and enforcing an admission of a debt.
“By declaring, without qualification, that the Award is final, valid and binding, the Defendants conceded liability for the full amount awarded – an unconditional, direct admission of the debt,” Sanum’s legal representatives remarked.
In light of these facts, Sanum representatives now claim that ST owes Sanum $464.024 million (approximately MOP3.75 billion).
According to the stamp on the document reviewed by the Times, the petition to the Vientiane courts was filed on Aug. 6, 2026.