In the Courts (2023): Court orders execution of settlement agreement in multifaceted civil case (23.10.2023)
 Posted on : Oct 24, 2023, 12:30PM   19 total views  Category : Local News

Judicial Commissioner Edward Timothy Starbuck Woolley recently ordered the execution of a settlement agreement in a legal case involving multiple parties.

 

The case pertained to three High Court actions involving a bank, an oil and gas company, and a security services company along with its guarantor.

 

The parties involved in the legal actions, along with Ravenguard Security Services, had been working towards a global settlement of all cases and related issues.

 

The terms of the agreement included one of the respondents (the bank or the oil and gas company) paying Ravenguard BND316,385.94 within 14 days and the applicant, BND60,000 as compensation for the external counsel costs incurred by the guarantor.

Read more here

 

-- Courtesy of Borneo Bulletin

HITS: