Ann: Singapore Court of Appeal Dismisses Bayan's Appeal, page-3

Hmmm...with this reservation :

The Company is pleased to announce that the Singapore Court of Appeal dismissed substantially the whole of BR’s appeal, save only that a certain question regarding causation was remitted to the SICC for its determination, being whether BCBCS had the ability to fund KSC by itself.

The issue as to whether BCBCS had the ability to fund KSC by itself is to now be remitted to the SICC for its determination. Following such determination, White Energy (BCBCS) will commence preparation for Tranche 3 of the proceedings seeking damages and costs.