Ann: WA Court delivers Judgment Substantially in Favour of BCBCS, page-6

Totally understand around the settlement, I think Bayan would need to cut a pretty large cheque for it to go that route.

The issue I also think is this has been going on (litigation) since 2012 and WEC had out layed $110m USD into the project.

I expect that they'll use the opportunity to freeze the entire holding of KRL shares on the basis of the argument they may run that the damages awarded could amount to this much (or exceed it). From a WEC perspective its beneficial for the takeover to go ahead of the remaining KRL shares and then have the freezing order over the entire holding. The terms agreed with Bayan in Singapore state that both sides have agreed that the Tabang plant could run at 1mtpa of upgraded coal briquettes.

To my mind this makes any future economic loss quantifiable as the court (or WEC) could make a case based on the tonnage of upgraded coal, the supply price from Bayan and what it could have been sold into the market for.

I've seen numbers that WEC are referring to the case being circa $700m but this from memory was around the time the case went to the SICC originally in 2015.