Lum Chang Holdings in arbitration dispute against Ryobi Kiso over Downtown Line work

The King Albert Park station of the Downtown Line 2 construction site on June 24, 2013. A unit of Lum Chang Holdings is currently involved in an arbitration against Ryobi Kiso (S) over work done with respect of the Downtown Line 2 MRT project. -
The King Albert Park station of the Downtown Line 2 construction site on June 24, 2013. A unit of Lum Chang Holdings is currently involved in an arbitration against Ryobi Kiso (S) over work done with respect of the Downtown Line 2 MRT project. -- ST FILE PHOTO: RAJ NADARAJAN

A unit of Lum Chang Holdings is currently involved in an arbitration against Ryobi Kiso (S) over work done with respect of the Downtown Line 2 MRT project.

The claim by Lum Chang Building Contractors against Ryobi is for breach of and default of duties under the subcontracts for a total of $36 million.

Ryobi has counterclaimed for $19 million for work done and sums owing.

The arbitration is currently in its initial stages.