Disclaimer Notice

Please read this disclaimer notice before proceeding. It contains important information, including legal and regulatory notices relevant to the information on this site.

This disclaimer notice explains the legal and regulatory restrictions in relation to this site. By accessing any page of this site, you accept and agree to be bound by the terms of this disclaimer notice and this disclaimer notice shall constitute a binding legal agreement. If you do not agree with anything in this disclaimer notice, please exit this site.

The information within this site is issued by Asia Research & Capital Management Ltd (ARCM), for information purposes only.

ARCM is licensed by the Hong Kong Securities and Futures Commission to carry on business in Type 9 (asset management) regulated activity.  

This site does not constitute an offer to acquire or the solicitation, invitation, inducement or recommendation to purchase any shares or interests in any fund, security or investment and no material in this site forms the basis of any contract or commitment and is not directed at you if ARCM is prohibited by any law of any jurisdiction from making the information on this site available to you and is not intended for any use that would be contrary to any local law or regulation.  This site does not constitute either advice or a recommendation regarding any shares, fund, security or investment or any other course of action.  Users of this site should not construe the contents of this site as legal, tax, investment or other advice, and should consult with their own advisers to obtain such advice. 

This disclaimer may be updated from time to time without notice to you.  Users of this site should therefore carefully read this disclaimer each time you access this site.  The continued use of this site following any changes shall constitute an acceptance by you of such changes.

Your use of this site

This disclaimer notice sets out the terms on which you may make use of this site and applies to every page on this site, whether or not such page is individually disclaimed.

You must NOT use this site (or permit or procure others to use it):

  • for any unlawful, improper or illegal purpose or activity;
  • to violate ARCM’s or any third party’s copyright, trade mark, proprietary or other intellectual property rights;
  • to damage ARCM’s name or reputation or that of any third parties;
  • to impersonate any of ARCM’s employees (and the members, officers and employees of any of ARCM’s affiliated entities) or other person or use a false name while using this site or implying any association with ARCM, any of its affiliated entities, or any funds and/or accounts under its management and/or advice;
  • to penetrate ARCM’s security measures or other entities’ systems (“hacking”);
  • to generate excessive amounts of internet traffic, to interfere with ARCM’s network or other’s use of this site or to engage in activities designed to degrade or deny, or having the effect of degrading or denying, service to users of this site or others; and/or
  • to introduce errors, viruses, bugs, worms, harmful code and/or Trojan horses onto the internet or into this site or any other entity’s systems. ARCM does not warrant that the servers which make this site available will be free from such threats and it is your responsibility to make adequate provision for protection against, and to ensure that whatever you download or select for your use from this site is free from, such threats.

When using this site, you must comply with all applicable local, national and international laws and regulations, including those related to data privacy, international communications and exportation of technical or personal data. It may be illegal to download the information contained on this site in certain countries. ARCM and its affiliated entities disclaim all responsibility if you download any information from this site in breach of any law or regulation of the country in which you reside.

Content of this site

The purpose of this site is to provide information on ARCM’s views on the proposed extension of debt maturities and the making of certain acquisitions to be implemented by a scheme of arrangement as announced by the Premier Oil plc on 7 January 2020 (the “Scheme of Arrangement”). ARCM acts as the investment adviser of certain funds and/or accounts under its management and/or advice that will be affected by the Scheme of Arrangement. ARCM may include information and views on the Scheme of Arrangement, provided by other investors and interested parties. ARCM and its affiliated entities accept no responsibility for the accuracy or completeness of comments made by other persons.

By proceeding you agree, so far as this is permitted under the provisions of applicable legal and regulatory systems, to the exclusion by ARCM and any of its affiliated entities, including without limitation of liability for any loss of profit, loss of or damage to data, loss of anticipated savings or interest, loss of or damage to reputation or goodwill or any other direct, indirect, special or consequential damages, loss, costs, claims or expenses of any kind, arising out of, or in connection with, your use of this site and/or any linked sites.

The contents of this site are based upon sources of information believed to be reliable and every effort is made to ensure that the contents of this site are accurate and complete. However, save to the extent required by applicable law or regulations, no guarantee, warranty or representation (express or implied) is given as to its accuracy, completeness or fairness. ARCM, its officers and employees, and their affiliated entities do not accept any liability or responsibility in respect of the information or any views expressed herein, save that neither this disclaimer notice nor any other materials on this site purports to exclude or restrict any duty or liability that ARCM may have to a client under applicable law or regulation.

This site may include forward-looking statements that are based upon ARCM’s current opinions, expectations and projections. ARCM does not undertake to update or revise any information after the stated date of its publication, including any forward-looking statements. Actual results could differ materially from those anticipated in the forward-looking statements. Certain statements on this site are statements of opinion only. Where they represent the opinions of ARCM or any of its officers or employees, those opinions are honestly held. However, opinions may differ.

If you have accessed this site using a link from an external site, ARCM and its affiliated entities will not accept any liability or responsibility for the accuracy or completeness of information contained within the sites of third parties who have links to any pages of this site.

United States of America

The provision of the information in this site does not constitute an offer of securities to any person in the United States or to any U.S. Person as such term is defined under the Securities Act of 1933, as amended. The information contained in this site about any ARCM and/or any of its affiliates is not directed to any person in the United States.


No information contained in this site should be deemed to constitute the provision of financial, investment or other professional advice in any way.

Ownership and copyright

The rights in the contents of this site, and their selection and arrangement, including copyright, belong to ARCM. The copyright in this site and (unless otherwise indicated) its contents, including all material, information, graphics, code, text and design, should not be copied, reproduced, republished, downloaded, posted, broadcast, transmitted, disseminated or distributed in any way without the prior written permission of ARCM.

Material interests

ARCM and its officers and employees (and the members, officers and employees of its affiliated entities), may have holdings in a fund or account which may hold investments referred to in this site.


If any of the points in this disclaimer notice are found to be unenforceable under applicable law, that will have no bearing on the enforceability of the rest of this disclaimer notice. 


As a condition of your use of this site, you agree to indemnify and hold ARCM, its related entities, and its and their respective partners, members, directors, officers, employees, and agents harmless from and against any and all claims, losses, liability, costs, and expenses (including but not limited to legal fees) arising from your use of the site or from your violation of the terms set out in this disclaimer notice, unless such claims, losses, liability, costs or expenses are directly as a consequence of ARCM’s negligence, wilful default, fraud or material breach of ARCM’s obligations under applicable law or regulation. 

Data protection

As a result of your use of this site, ARCM may hold and process personal information about you. Please refer to the Privacy and Cookies page  for further information.


ARCM reserves the right in its sole discretion to terminate or restrict your use of all or any part of the site, without notice, for any or no reason, and without liability to you or anyone else at any time.

Governing law

This site is established by ARCM and your browsing in, and use of it, shall be governed by the laws of Hong Kong. A condition of using this site is that, in the event of any dispute or claim (including non-contractual disputes or claims), you irrevocably submit to the exclusive jurisdiction of the courts of Hong Kong and waive any objection to proceedings in such courts on the grounds of venue or on the grounds that the proceedings have been brought in an inconvenient forum.

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