ARTICLE · 08 JULY 2021

Worldwide Mareva Injunctions – An Update On Malaysian Law

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The liquidators of failed oil trader Hin Leong Trading ("HLT") have scored a significant win in their bid to recoup money from its founder, Lim Oon Kuin ("OK Lim"), and his family members.

MalaysiaLitigation, Mediation & Arbitration

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The granting of worldwide Mareva injunction against Hin Leong Trading, Lim Oon Kuin and his family members.

The liquidators of failed oil trader Hin Leong Trading ("HLT") have scored a significant win in their bid to recoup money from its founder, Lim Oon Kuin ("OK Lim"), and his family members.

The Singapore High Court on 21 May 2021 granted a worldwide Mareva injunction to freeze as much as US$3.5 billion of assets worldwide, including properties in Singapore and Australia, shares, insurance policies and club memberships, belonging to the founding family of collapsed oil trader HLT. It has been reported that the amount frozen under this injunction may be the largest in the city-state's history.

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