The case was made due to a dispute in connection with a power plant project in Cambodia.
Asiatic Group Holdings’ subsidiaries, Colben System and Colben Energy Holdings has begun arbitration proceedings against Phnom Penh Special Economic Zone Plc (PPSEZ) for a minimum of US$14.4 mil ($19.3 million) on Nov 19.
The arbitration has been referred to the Singapore International Arbitration Centre.
