Tribunal awards Intraco final interest, costs in dispute

Singapore

AN ARBITRATION tribunal has awarded Intraco a final S$3.2 million in interest in the trading company's dispute with privately held Timor Global over a 2007 joint-venture agreement.

Intraco had already been awarded a sum of S$6.6 million in March out of its total claim of S$9.8 million against Timor Global, but that was before interests and costs.