Court rules in favour of PACC Offshore

Singapore

PACC Offshore Services said on Monday that the Singapore court has ruled in its favour on its counterclaim for the return of a deposit made to Kensteel Engineering Pte Ltd over a failed Singapore property purchase, with costs to be determined at a later date.

Pursuant to the ruling, Kensteel has also discontinued its action against PACC Offshore, with an undertaking that it will not bring any subsequent action against the offshore marine services provider.