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Courts dismiss HSH Nordbank move on Mercator Lines (Singapore)
HSH Nordbank’s attempt to get an interim judicial manager appointed to run cash-strapped Mercator Lines (Singapore) has been dismissed by the courts.
1 Min Read
Kalyakan - stock.adobe.com
The application heard at 5pm yesterday was dismissed by the Singapore court.
HSH Nordbank has already applied to have the company placed under judicial management with a court hearing set for 20 November.
Meanwhile the Singapore-listed arm of Mercator is seeking to restructure its operations through a court-approved scheme of arrangement. The hearing over the possible scheme is also set for 20 November.
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