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KS Energy wins appeal; court clarifies contractual clause

Published Fri, Feb 28, 2014 · 10:00 PM
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Singapore

MAINBOARD-LISTED KS Energy Services has won an appeal against Malaysian company BR Energy (M) Sdn Bhd in a case which clarifies when a company can be deemed to have exercised "all reasonable endeavours" in the fulfilment of a contract.

It also marks the first-ever decision by Singapore's Court of Appeal as to the legal obligations entailed by this particular contractual clause.

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