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Exiled Thai Renewables Tycoon Nopporn Suppipat Wins $800 Million UK Ruling
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Lese-majeste refugee wins stock fraud case
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Tribunal award ordering Nop Narongdej payment to Nopporn Suppipat reversed by Singapore Court of Appeal
Binding final decision absolves Mr Nop of any obligation
BANGKOK, 2021年07月01日 - (JCN Newswire) - The Singapore Court of Appeal has rendered the final decision absolving Nop Narongdej of obligation to make compound payments for the purchase of shares in Wind Energy Holding (WEH), on the grounds that the ICC Tribunal award was made in excess of jurisdiction.
Mr Pokpak Thongbhakdee, attorney-at-law for FBLP, the legal counsel for the case, reports that the Singapore Court of Appeal revoked the ICC s Arbitral Tribunal decision ordering Fullerton Bay Investment Limited (Fullerton) and KPN Energy Holding Co., Ltd. (KPNEH), both under Mr Nop, to pay Remaining Amounts and Compound Interest under an agreement to purchase shares in Wind Energy Holding Group (WEH), then held by Mr Nopporn Suppipat s companies. The Tribunal order amounted to USD525 million plus interest as well a
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