Singapore moratorium does not block directions order appeal, court finds
Singapore cargo port (Credit: Shutterstock.com/KirillNeiezhmakov)
In a novel decision determining what types of proceedings are caught by a statutory moratorium in Singapore, a court has found the judicial managers of vessel owning Xihe Group did not need leave to appeal a ruling over the level of priority that should be afforded to charterparty debts in sister company Ocean Tankers’ liquidation.
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