BANGKOK, 2 July 2021: Nok Airways confirmed Wednesday the
Stock Exchange of Thailand had posted a trading suspension sign on the
airline’s securities effective Friday.
The temporary stop on securities trading will be in place
until Nok Air, a listed public company limited, submits required financial
statements for 2020. The airline
last week notified the stock exchange that it was unable to complete the
submission of financial statements by the latest deadline 30 June 2021.
It was supposed to submit the 2020 financial statement for
the year closing 31 December 2020, not later than 30 June, but faced delays due
to the application of a “new accounting standard on impairment which
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
30 06 2021
An odd looking report suddenly appeared at the old Khaosod English website. It relates to a post earlier this month on hi-so corruption.
The new report states:
The Singapore Court of Appeal has rendered a final and binding decision absolving Nop Narongdej of an obligation to make a bonus payment of 525 million USD for the purchase of shares in Wind Energy Holding Group from “Nick Suppipat” or Mr. Nopporn ‘Nick’ Suppipat’s companies on the ground that the Arbitration Tribunal’s decision was made in excess of jurisdiction. Nop Narongdej praises the court for upholding justice….
In its ruling, the court says the Arbitration Tribunal has no authority to deliberate on the matter of bonus payment and therefore its decision on the remaining amounts has no legal effect….
Tribunal award ordering Nop Narongdej payment to Nopporn Suppipat reversed Tribunal award ordering Nop Narongdej payment to Nopporn Suppipat reversed by Singapore Court of Appeal
BriefingWire.com, 6/30/2021 - Binding final decision absolves Mr Nop of any obligation
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
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