Authoritiesin the Lion City have agreed to shield Berlian Laju Tankers’ assets fromcreditors until early January while it hammers out a restructuring inIndonesia.
Singapore’sHigh Court on Tuesday granted an extension of the ailing owner’s Section 210filing, according to Jack Noonan.
In anemail the head of BLT’s prized US affiliate, BLT Chembulk, told clients he isconfident a US Bankruptcy Court will sign off a similar request at a Chapter 15hearing scheduled for 6 December.
