Last year, the Singapore Court of Appeal published its verdict on the petition of PT Bayan Resources Tbk (BYAN) and its subsidiary Bayan International Pte Ltd against the second tranche judgment of the Singapore International Commercial Court (SICC) regarding the fight on the joint venture in Kalimantan, i.e., PT Kaltim Supacoal (KSC). The Court of Appeal decided to dismiss the petition in relation to all of the four main issues except for one matter, on which the Court of Appeal decided to remit the question to the SICC. On January 9, 2019, the SICC issued their decision.
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