Winson seeks $41.84m from Standard Chartered Singapore over Hin Leong deal

Uploaded By:  Nathanielle Punay Submitted By:  Nathanielle Punay Case Study:  No The oil trading firm is also demanding damages, interest and costs from the bank. Winson Oil Trading has started legal proceedings against Standard Chartered Bank (Singapore) Ltd to claim at least $41.84m (US$30.4m) in payment for a diesel cargo it sold to Hin Leong Trading, court documents showed. The case is amongst several disputes between counterparties of Hin Leong and banks on payment issues arising from oil deals with the Singapore-based trader, which has been placed under judicial management to restructure billions of dollars of debt. read more