The Singapore High Court has found in favour of a Singapore-incorporated petrochemical wholesale company which received a margin for acting as an intermediary in a credit sleeve arrangement with other parties to facilitate the sale of fuel oil in Goodwood Associates Pte Ltd v Southernpec (Singapore) Pte Ltd and another suit [2020] SGHC 242. The Court of Appeal recently dismissed the appeals brought against the High Court’s decision.
This update takes a look at the High Court’s decision, which was upheld by the Court of Appeal.
If you would like information or assistance on the above or any other area of law, you may wish to contact the Partner at WongPartnership whom you normally deal with or any of the following Partners:
KOH Swee Yen
Partner – Commercial & Corporate Disputes
d +65 6416 6876
e sweeyen.koh@wongpartnership.com
Click here to see Swee Yen’s CV.
Joel QUEK
Partner – Commercial & Corporate Disputes
d +65 6416 8124
e joel.quek@wongpartnership.com
Click here to see Joel’s CV.