SUBSCRIBERS
SocGen, Maybank cleared to fund potential suit against IPP ex-director
Published Thu, Oct 1, 2020 · 09:50 PM
Singapore
SINGAPORE'S High Court has approved two major bank creditors' bid to fund Inter-Pacific Petroleum's (IPP) lawsuit against former director Goh Jin Hian.
Societe Generale and Maybank are seeking to recover at least US$156 million in losses they claim were a result of Dr Goh's alleged negligence, according to court documents.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
AstraZeneca says it will withdraw Covid-19 vaccine globally as demand dips
Electronic Arts forecasts annual bookings below estimates as gamers cut spending
Wynn Resorts quarterly results beat estimates on strength in Macau business
Gold prices hold ground as traders eye US Fed cues
Amazon’s AWS puts another S$12 billion into its Singapore cloud infrastructure
UG Healthcare fully acquires German subsidiary for 16.9 million euros