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White Energy expects US$153M in Singapore damages award

THE total value of White Energy subsidiary BCBC Singapore’s claim against Bayan in the Singapore International Commercial Court over a breach of a disputed joint venture agreement is expected to exceed US$153 million plus interest.

Lou Caruana
BCBC Singapore’s claim against Bayan in the Singapore International Commercial Court over a breach of a disputed joint venture agreement is expected to exceed US$153 million plus interest.

BCBC Singapore’s claim against Bayan in the Singapore International Commercial Court over a breach of a disputed joint venture agreement is expected to exceed US$153 million plus interest.

White Energy said the quantum of damages payable to BCBCS would be determined by the SICC in the third tranche of the proceedings of the long running dispute. That third tranche of proceedings has been...

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