Singapore: Priorities between maritime claimants - Singapore High Court denies leapfrogging of claims
Piraeus Bank, one of the largest banks in Greece, commenced two mortgagee actions in Singapore and effected a double arrest on the vessels “Posidon” and “Pegasus”, flowing from the ship-owners’ default of a loan agreement. The vessels were subsequently sold pursuant to a judicial sale.
Subsequently, World Fuel Services, who had (via various companies) supplied bunkers to the vessels on credit, intervened in both actions.
Read the full article here.
Search ADVOC News
Does your company need exchange control assistance? Our team of exceptional commercial attorneys deliver top-tier c… https://t.co/7X8OpGDWgN
Could we be the starting point of your successful legal career? From Monday 2 November, you can apply here for a 20… https://t.co/pNG0uHqh5v