SINGAPORE, April 20 -- A long-running dispute over the collapse of an ambitious satellite venture is set to return to the spotlight, as a court in Australia hears claims that global lenders derailed a project once billed as a breakthrough for the country's space industry.

According to Bloomberg, Singapore property tycoon Ching Chiat Kwong is backing a case brought by liquidators of NewSat Ltd, an Australian company that folded in 2015 after losing crucial financing. Hearings are due to begin at the Supreme Court of Victoria.

The lawsuit targets lenders including Societe Generale, Credit Suisse - now owned by UBS Group AG - and Standard Chartered, alongside insurers such as the Export-Import Bank of the United States and Coface.

At the ...