TNB settles mega suit out of court
A legal suit involving hundreds of millions of ringgit between national electricity company Tenaga Nasional Bhd (TNB) and a foreign bank was settled out of court recently, the Dewan Rakyat was told today.
The Union Bank of Switzerland Abtiengesellschaft (UBS) had sought about RM326.8 million (US$86 million) compensation in 2001 following the termination of a contract by TNB.
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