Hyflux unit wins case against sub-contractor over Oman project
Singapore
A UNIT of Hyflux has prevailed in a case against its sub-contractor that would allow it to claim some money from an unconditional first demand bond between both parties.
Justice Aedit Abdullah on Wednesday ruled that Sulzer Pumps Spain, a sub-contractor hired by Hyflux Membrane Manufacturing to supply and install pumps for an Oman desalination plant project, failed to show a strong case of "unconscionability" and also failed to give full and frank disclosure at an ex parte hearing (which means that Sulzer was the only party present).
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
IBM plots US$730 million expansion of Canadian semiconductor site
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Yeo Guat Kwang, John Chen retiring from corporate boards
US: Wall St opens higher
Air China orders homegrown C919s in challenge to jet duopoly
HCA beats first-quarter profit estimates on higher patient admissions