Can the petitioner be liable for liquidators’ fees? Singapore appeal court sheds light
Aerial view of Singapore with oil trading ships (Credit: Shutterstock.com/anek.soowannaphoom)
A bank that placed Singaporean oil trader AnAn into winding up proceedings but later aborted in favour of arbitration will not have to bear the liquidators’ fees because there was no fault on its part as a petitioner, a Singaporean appeal court has found.
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