Hin Leong insolvency leaves traders and shippers exposed
Shell and other potentially exposed cargo owners can seek court injunctions to protect their cargoes but the legal proceedings could take months to resolve and competing claims are likely
Competing claims from bank lenders seeking to recover outstanding debts from Hin Leong have already surfaced. Cargo owners face escalating risks of being embroiled in costly legal spats to fend off these potential competing claims on their cargo
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