MANAGEMENT

White Energy awaits Singapore court's damages determination

WHITE Energy is still awaiting a determination from the Singapore International Commercial Court on the damages payable to its subsidiary BCBS after the court found Indonesian group Bayan had both breached and repudiated a joint venture deed with the company.

 Damages are expected to exceed US$153 million plus interest.

Damages are expected to exceed US$153 million plus interest.

Damages are expected to exceed US$153 million plus interest and will mark the end of a long running legal battle between the two companies. The damages include BCBCS's claims for wasted expenditure,...

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