WHITE Energy has suffered another blow in its long-running legal dispute with Indonesian group Bayan over the breach of a joint venture contract after the Singapore Appeals Court dismissed its appeal and upheld findings by the Singapore International Commercial Court in tranche 3 of the proceedings.
The Appeals Court upheld findings by the Singapore International Commercial Court in tranche 3 of the proceedings.
The court held that Bayan would have been able to call upon its shareholder loans as an unpaid creditor to bring the joint venture to an end, even in circumstances where it had clearly breached the agreement....
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