Disputes
Singapore court blocks ‘fraudulent’ US$2 million bank guarantee call in cross-border power dispute
Call on the guarantee by Bangladeshi power company is ‘opportunistic and unfair’, notes judge
Court imposes freezing order on Autobahn group companies, directors amid allegations of fraud and bad faith
Car distributors contend that forged documents were used to double finance car loans; almost 300 cars meant for repossession cannot be located
Starhill Global Reit wins arbitration proceedings over Adelaide mall lease
Department store chain Myer had alleged that the mall was ‘substantially empty of suitably presented retail stores’
Cordlife secures one-year renewal for its cord-blood banking service licence
Its scope is limited to storing, transferring or retrieving existing cord-blood units for clinical use
Autobahn Rent A Car group appeals dismissed moratorium, reveals potential SGX listco investor
The group also files for a new six-week interim moratorium to facilitate investment negotiations
Autobahn Rent A Car and related companies’ moratorium application dismissed
The High Court ruling opens the way for creditor actions and insolvency proceedings, which may include being wound up
Autobahn-Shariot group reveals possible S$100 million investment, says it is solvent
Shariot could be hived off into a JV with potential investors; group plans to begin repaying debts in January as its liabilities rise
Creditors of Autobahn Rent A Car, Shariot group claim S$38 million more, contrary to group’s own estimates
DBS, UOB, OCBC, Teck Wei Credit and Toyota Financial Services list liabilities higher than those listed by the group
Seatrium to start its own arbitration in US$475 million contract termination dispute
The contract, which is 98.9% complete, is for the construction of a wind turbine installation vessel in a US offshore wind farm
Singapore Paincare settles dispute over claims worth S$350,000 to S$450,000
It did not disclose the amount of the settlement
