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Members of Singapore’s Lim family have asked a court to stop law firm Rajah & Tann Singapore (R&T) from working for court-appointed supervisors to two companies in the Lim’s embattled oil trading empire, Evan Lim Chee Meng said.
Mr Lim and his sister, Lim Huey Ching, filed an application to restrain R&T from acting for the judicial managers of fleet manager Ocean Tankers Pte Ltd, Mr Lim said in an e-mail on Friday (July 24).
A similar application had been made in regard to oil trader Hin Leong Trading Pte Ltd, he said.
They filed application on behalf of Ocean Tankers and Hin Leong Trading. Mr Lim and his sister are directors of both companies.
The actions are the latest in a series stemming from the collapse earlier this year of Hin Leong and Ocean Tankers, both of which were placed under court-appointed supervisors.
Hin Leong is seeking to restructure billions of dollars of debt after a crash in oil prices revealed a massive, years-long fraud at the once fabled trading house.
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