(EnergyAsia, Mar 1) — China Aviation Oil (Singapore) Corporation Ltd (CAO) has filed its defence in Singapore’s High Court against the lawsuit filed by Sumitomo Mitsui Banking Corporation (SMBC). CAO said it is denying liability for the claim by SMBC for about US$13,061,788.06 under the alleged Trust Receipt Loan Facility. CAO said that SMBC…
SINGAPORE: CAO to contest lawsuit by Sumitomo Mitsui Banking Corp
Posted on March 1, 2005 by EnergyAsia