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China Aviation Oil fends off US$19mn suit from Swiss bank over ZenRock deal

China Aviation Oil fends off US$19mn suit from Swiss bank over ZenRock deal
A Singapore judge has rejected Banque de Commerce et de Placements’ (BCP) bid to claw back US$19mn paid out to jet fuel buyer China Aviation Oil, after a circular trading deal went awry during the collapse of commodity trader ZenRock. Geneva-headquartered BCP is one of many trade finance banks that turned to Singapore’s courts to ...

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