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.