Lim family loses appeal against Ocean Tankers suit
Credit: iStock.com/DanielAzocar
Oil tycoon Lim Oon Kuin and two of his children have failed to overturn a Singaporean summary judgment that found them in breach of their fiduciary duties to shipping group Ocean Tankers, after an appeal court dismissed their “ill-advised attempt to seek a different outcome” on the same evidence.
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