Jabiru-1: Sky high disputes for satellite project finance

In:

Telecoms and Communications

Region:

Americas, Asia-Pacific, Europe

Max Thompson

Managing Editor

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The financial fallout from NewSat's failed Jabiru-1 satellite project financing could be stratospheric. Investors are claiming $1 billion or more in damages from banks in an ongoing lawsuit, in a dispute that features some uncomfortable truths about whether financial close is the last step in a financing.