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Singapore High Court grants stay order on claims against ECS

Published Thu, Mar 2, 2017 · 09:50 PM

Singapore

THE High Court of Singapore has granted Ezra Holdings' 40-per-cent-owned associate Emas Chiyoda Subsea (ECS) and its five Singapore-incorporated subsidiaries a stay order that extends a moratorium on claims against the six companies.

BT understands that the stay order will apply to a winding-up petition that will be heard on Friday in Singapore against Emas AMC Pte Ltd, a key subsidiary responsible for ECS's operations.

The stay order that was passed after a Wednesday evening hearing also extends to four other subsidiaries of ECS, namely Lewek Constellation Pte Ltd, Lewek Falcon Pte Lt…

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