Share this contentSINGAPORE: Singapore's High Court has appointed an independent supervisor to oversee the restructuring of trader Hontop Energy.
In total, Hintop owes nearly US$470 million to seven banks, according to a list of creditors included in the affidavit.Accounting firm RSM Corporate Advisory has been named interim judicial managers following the bank's application, according to CIMB's law firm Rajah & Tann and the affidavit. BP declined to comment. Freshfields Bruckhaus Deringer, BP's legal representatives, did not respond to a request for comment.
BP did not specify what the agreement was about or say why it was meant to receive a payment from Hontop.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Law Law Latest News, Law Law Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CIMB alleges 'suspicious' Hontop Energy oil deals with BP: affidavit[SINGAPORE] Singapore's High Court has appointed an independent supervisor to oversee the restructuring of trader Hontop Energy. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
CIMB alleges Singapore-based oil trader Hontop Energy made 'suspicious' dealsSINGAPORE (REUTERS) - Singapore's High Court has appointed an independent supervisor to oversee the restructuring of oil trader Hontop Energy (Singapore) Pte Ltd.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
CIMB alleges 'suspicious' Hontop Energy oil deals with BP: affidavit[SINGAPORE] Singapore's High Court has appointed an independent supervisor to oversee the restructuring of trader Hontop Energy. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
CIMB alleges Singapore-based oil trader Hontop Energy made 'suspicious' dealsSINGAPORE (REUTERS) - Singapore's High Court has appointed an independent supervisor to oversee the restructuring of oil trader Hontop Energy (Singapore) Pte Ltd.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »