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White Energy stunned by Singapore court decision

WHITE Energy has been left stunned after the Singapore International Commercial Court surprisingly dismissed its claim for damages for wasted expenditure in its long-running court case against the Indonesian Bayan Resources group over the failed KSC joint venture.

Lou Caruana
The decision was made not to award damages despite the SICC finding in favour of White Energy subsidiary BCBCS on most of the issues for determination.

The decision was made not to award damages despite the SICC finding in favour of White Energy subsidiary BCBCS on most of the issues for determination.

This is despite the SICC finding in favour of White Energy subsidiary BCBCS on most of the issues for determination. White Energy had been expecting more than US$120 million in damages plus interest...

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