Australia’s Federal Court has dismissed the application by Clough Engineering Limited seeking restoration of a A$19.3 million bank guarantee pertaining to a project it undertook in the Bass Straits for a joint venture group headed by upstream company Origin Energy. Clough’s injunction to restrain the calling of a second bank guarantee of another A$19.3 million…
AUSTRALIA: BassGas Joint Venture wins court dispute on Clough bank guarantees and is awarded costs
Posted on February 1, 2005 by EnergyAsia