KS Energy wins appeal; court clarifies contractual clause
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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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