SECTION A: STRUCTURED QUESTIONS (100 MARKS) ANSWER ALL QUESTIONS QUESTION 1 (20 MARKS) Sudanese government Vs Malaysia's Petronas Oct 5th 2021 - The Sudanese transitional government is seeking to confiscate assets belonging to Malaysia's national oil company Petronas, alleging they were acquired through illegal means during the rule of ousted leader Omar al-Bashir, sources said, Following the toppling of al-Bashir, the transitional government passed an act and formed the Empowerment Removal, Anti-Corruption and Money Retrieving Committee (ERC), tasked with reviewing agreements and retrieving assets that were allegedly acquired through illegal means during the previous administration. While conducting investigations on the former president and his close circle, the committee has, however, also been targeting and accusing foreign investors in Sudan, seizing their assets. The land where the Petronas Sudan Complex (PSC) currently stands was acquired and registered under Nada Properties Co. Ltd. (NPCL), a subsidiary of Petronas in Sudan. However, the sources underlined that Sudan transferred the ownership of NPCL to Sudan's Ministry of Finance and "deprived Petronas of its rightful ownership of the company." Furthermore, the sources pointed out that other foreign investors in Sudan face similar predicaments, including those from Pakistan, Qatar and Turkey. Source: https://www.dailysabah.com/business/energy/sudanese-government-seeks- confiscation-of-malaysias-petronas-assets Required: a. Analyze the main issue in the case above. (2 marks) b. Describe the risk faced by Petronas. (9 marks) c. Imagine a scenario where Sudanese government taking over the entire oil and gas industries. Based on your understanding, explain why the government of Sudan acted in this manner. (9 marks)