(EnergyAsia, January 18) — China Aviation Oil Singapore Corporation Ltd said it has settled in full a US$26 million suit brought on by Sumitomo Mitsui Banking Corporation (SMBC) in relation to its borrowing when it was already in financial trouble from losses in speculative oil trading activities. The Japanese bank had filed a lawsuit in…
SINGAPORE: China Aviation Oil settles SMBC suit for US$26 million
Posted on January 18, 2006 by EnergyAsia