Legal

Singapore: Brightoil to apply for six-month moratorium order at High Court

To protect against legal challenges from other parties while Brightoil undergoes restructuring.

Published

8 years ago

December 24, 2018

Admin

Singapore bunker supplier Brightoil Petroleum (S'pore) Pte Ltd (Brightoil) will submit an application for approval of a six-month moratorium order at the Singapore High Court on 11 January 2019, announced its solicitors on Monday (24 December).

The moratorium order, to be applied under Section 211B of the Companies Act, seeks to protect the company against other forms of legal challenges while Brightoil undergoes restructuring.

According to the announcement, the moratorium states:

No appointment shall be made of a receiver or manager over any property or undertaking of BOPS;
No proceedings shall be commenced or continued against BOPS (other than proceedings under sections 210, 211B, 211D, 211G, 211H or 212 of the Companies Act), except with the leave of the Court and subject to such terms as the Court imposes;
No execution, distress or other legal process, against any property of BOPS shall be commenced, continued or levied, except with the leave of the Court and subject to such terms as the Court imposes;
No step to enforce any security over any property of BOPS, or to repossess any goods held by BOPS under any chattels leasing agreement, hire purchase agreement or retention of title agreement shall be taken or continued), except with the leave of the Court and subject to such terms as the Court imposes;
No enforcement of any right of re-entry or forfeiture under any leave in respect of any premises occupied by BOPS shall be commenced or continued (including any enforcement pursuant to sections 18 or 18A of the Conveyancing and Law of Property Act (Cap. 61)), except with the leave of the Court and subject to such terms as the Court imposes.

The intention to apply for a moratorium was discussed during a High Court session between legal representatives of Brightoil and Petrolimex Singapore Pte Ltd (Petrolimex) on 13 December.

A Pre Trial Conference (PTC) was later privately held between both parties on 19 December.

Petrolimex initiated a winding up application against Brightoil at the Singapore High Court on 23 November over more than USD $30 million owed by the latter.

Photo credit: Manifold Times
Published: 24 December, 2018

Winding up

Singapore: Liquidator schedules final meeting for LNG Easy (S)

Meeting will be held on 7 September at 6 Shenton Way, OUE Downtown 2, #33-00, Singapore 068809 to hear any explanation that may be given by the liquidator, according to Government Gazette notice.

Published

11 hours ago

August 11, 2026

Admin

The final meeting for LNG Easy (S) Private Limited has been scheduled to take place on 7 September, according to the company’s liquidator on a notice posted on Friday (7 August) on the Government Gazette.

The meetings will be held at 10am at 6 Shenton Way, OUE Downtown 2, #33-00, Singapore 068809.

The meeting is being held for the purpose of having an account laid before the meeting showing the manner in which the winding up has been conducted and the property of the company disposed of, and of hearing any explanation that may be given by the liquidators.

It is also held to consent to the release of the liquidators upon the dissolution of the company and thereby discharge them from all liabilities in respect of any act done or default made by them in the administration of the affairs of the company.

The following are the details of the liquidator:

Tan Wei Cheong
Joint and Several Liquidator
c/o 6 Shenton Way, OUE Downtown 2, #33-00
Singapore 068809

Manifold Times previously reported the High Court of Singapore issuing a winding up order to LNG Easy (S).

The winding up application was filed by China-based Shanghai Hengda (Jituan) Youxian Gongsi on 25 June.

Photo credit: Jo_Johnston from Pixabay
Published: 11 August, 2026

Winding up

Singapore: Portunus Shipping Pte Ltd to be wound up voluntarily

Liquidators have been appointed at an extraordinary general meeting held on 31 July for the purpose of winding up company’s affair, according to Government Gazette notice.

Published

11 hours ago

August 11, 2026

Admin

Several resolutions for Portunus Shipping Pte Ltd were made during an extraordinary meeting held on 31 July, according to a post in the Government Gazette on Friday (7 August).

The duly passed resolutions were:

AS SPECIAL RESOLUTIONS

That the Company be wound up voluntarily pursuant to Section 160(1) of the Insolvency, Restructuring and Dissolution Act 2018 (the “Act”).
That Lau Chin Huat and Yeo Boon Keong, as the Joint and Several Liquidators, be and are hereby authorised to divide among the contributory in cash or in specie the whole or any part of the assets of the company.
That the Joint and Several Liquidators be at the liberty to exercise all or any of the powers conferred on themselves pursuant to the Act.

AS ORDINARY RESOLUTIONS

That Lau Chin Huat and Yeo Boon Keong, of 50 Havelock Road, #02-767, Singapore 160050 be appointed as the Joint and Several Liquidators for the purpose of winding up the company.
That the remuneration and winding up disbursements of the Joint and Several Liquidators be fixed on a time basis at rates as agreed in the engagement letter.
That the Joint and Several Liquidators be authorised to destroy all books and papers of the Company and of the Joint and Several Liquidators 5 years after the date of dissolution of the Company pursuant to Section 195(2) of the Act.

In another notice, the liquidators of Portunus Shipping said creditors for the company are required on or before the 7 September to send in their names and addresses and particulars of their debts or claims, and the names and addresses of their solicitors (if any) to the liquidators.

Liquidators may also require creditors to, “come in and prove their debts or claims at such time and place as shall be specified in such notice, or in default thereof they will be excluded from the benefit of any distribution made before such debts are proved.”

The liquidators can be contacted at the following address:

Yeo Boon Keong
Joint and Several Liquidators
c/o
Technic Inter-Asia Pte Ltd
50 Havelock Road, #02-767, Singapore 160050
Tel: 6561 0398 Fax: 6222 1855
Email: [email protected]

Photo credit: Benjamin child
Published: 11 August, 2026

Winding up

Singapore: Lugalis Shipping Pte Ltd to be wound up voluntarily

Liquidators have been appointed at an extraordinary general meeting held on 31 July for the purpose of winding up company’s affair, according to Government Gazette notice.

Published

4 days ago

August 7, 2026

Admin

Several resolutions for Lugalis Shipping Pte Ltd were made during an extraordinary meeting held on 31 July, according to a post in the Government Gazette on Thursday (6 August).

The duly passed resolutions were:

AS SPECIAL RESOLUTIONS

That the Company be wound up voluntarily pursuant to Section 160(1) of the Insolvency, Restructuring and Dissolution Act 2018 (the “Act”).
That Lau Chin Huat and Yeo Boon Keong, as the Joint and Several Liquidators, be and are hereby authorised to divide among the contributory in cash or in specie the whole or any part of the assets of the company.
That the Joint and Several Liquidators be at the liberty to exercise all or any of the powers conferred on themselves pursuant to the Act.

AS ORDINARY RESOLUTIONS

That Lau Chin Huat and Yeo Boon Keong, of 50 Havelock Road, #02-767, Singapore 160050 be appointed as the Joint and Several Liquidators for the purpose of winding up the company.
That the remuneration and winding up disbursements of the Joint and Several Liquidators be fixed on a time basis at rates as agreed in the engagement letter.
That the Joint and Several Liquidators be authorised to destroy all books and papers of the Company and of the Joint and Several Liquidators 5 years after the date of dissolution of the Company pursuant to Section 195(2) of the Act.

In another notice, the liquidators of Lugalis Shipping said creditors for the company are required on or before the 7 September to send in their names and addresses and particulars of their debts or claims, and the names and addresses of their solicitors (if any) to the liquidators.

The liquidators can be contacted at the following address:

Lau Chin Huat
Yeo Boon Keong
Joint and Several Liquidators
c/o
Technic Inter-Asia Pte Ltd
50 Havelock Road, #02-767, Singapore 160050
Tel: 6561 0398 Fax: 6222 1855
Email: [email protected]