BP Plc is suing six former members of its energy team in Singapore claiming they misused confidential information to help rival Shenzhen Brightoil Group gain a “strategic advantage.”The six, including Quek Chin Thean, formerly global head of residues trading, and legal manager Simon Cheong, had “access to and possessed intricate knowledge” of BP’s business and commercial strategies and trade secrets, according to papers filed with the Singapore High Court. Unauthorized disclosure of the information would harm BP “immeasurably” and create a “significant new competitor that is well aware of our trading strategies,” BP said in the court filing. Full Story
