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Boustead wins suit over Libya contract

It put a halt to project when civil war broke out in 2011 but was sued by Bahrain bank for payment

Singapore

ENGINEERING and infrastructure firm Boustead Singapore has won a US$18.8 million dispute with Bahrain bank Arab Banking Corporation.

The four-year-long dispute, involving lawsuits and counter-suits by both parties, was brought to a close on Wednesday, when the Singapore High Court dismissed the bank's claim against the firm as "unconscionable".

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