GP Global collapse: Oil trader moves to block minority creditor action

SourceGlobal Trade Review
SectorOil & Gas
CountryMiddle east

Scandal-hit oil trader GP Global, which is currently undergoing restructuring, is seeking court intervention to stop creditors in Singapore “stealing a march” on banks that are owed millions of dollars, GTR can reveal. Court documents filed by GP Apac – a Singapore subsidiary of UAE-based oil giant GP Global Group – describe how the company ... The post GP Global collapse: Oil trader moves to block minority creditor action appeared first on Global Trade Review (GTR).Scandal-hit oil trader GP Global, which is currently undergoing restructuring, is seeking court intervention to stop creditors in Singapore “stealing a march” on banks that are owed millions of dollars, GTR can reveal. Court documents filed by GP Apac – a Singapore subsidiary of UAE-based oil giant GP Global Group – describe how the company ... The post GP Global collapse: Oil trader moves to block minority creditor action appeared first on Global Trade Review (GTR). ...read more...