Not unexpectedly, a notice of appeal against substantially the whole of the SICC’s findings against Bayan in the second tranche judgement was subsequently filed by Bayan on 23 August 2017. The appeal was heard on 7 to 8 February 2018 in Singapore, by three international judges. The judgement has been reserved.
The White Energy Group had invested over US$110 million in the Tabang project in Indonesia up until 2012 when Bayan repudiated the joint venture. Substantial legal costs have also been incurred in relation to the proceedings to recover damages from Bayan.
After the appeal judgement, White Energy will prepare for the third tranche of the proceedings, seeking damages and costs.
Page 2 - https://hotcopper.com.au/documentembed?id=uOMxKKzFkiWRTLKhOROKAxjvSDYL4wm8zRj+v+B8/LFiGug=
- Forums
- ASX - By Stock
- WEC
- Ann: Bayan to appeal SICC judgement tranche 2
Ann: Bayan to appeal SICC judgement tranche 2, page-3
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WEC (ASX) to my watchlist
|
|||||
Last
3.5¢ |
Change
0.003(9.38%) |
Mkt cap ! $6.964M |
Open | High | Low | Value | Volume |
3.2¢ | 3.5¢ | 3.2¢ | $424 | 12.55K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 192547 | 3.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.0¢ | 51560 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 40000 | 0.035 |
1 | 35748 | 0.028 |
1 | 1000000 | 0.003 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.050 | 51560 | 1 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
Last trade - 13.39pm 28/06/2024 (20 minute delay) ? |
Featured News
WEC (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online