Acting for Malayan Banking Berhad (“Maybank”) against a fleet of 5 vessels owned by POSH Terasea, a joint venture between Pacc Offshore Services Holdings (“POSH”) – the largest Asia-based international operator of offshore support vessels, Ezion Holdings – a listed company on SGX) and Seabridge Marine Services Ltd. POSH Terasea has defaulted on its underlying facilities agreements. Maybank‘s total claim is about US$16 million.
Partner Winston Kwek from the Shipping Practice is leading the case.
9 Straits View #06-07
Marina One West Tower
Singapore 018937
Republic of Singapore
Member firms are independently constituted and regulated in accordance with relevant local legal requirements. Services provided by a member firm are governed by the terms of engagement between the member firm and the client.
This website is solely intended to provide general information and does not provide any advice or create any relationship, whether legally binding or otherwise. Rajah & Tann Asia and its member firms do not accept, and fully disclaim, responsibility for any loss or damage which may result from accessing or relying on this website.
