Extract to table

Pull the structured facts out of a document: parties, dates, amounts, obligations.

Extract to table / memo-singapore-enforcement-strategy.docx

memo-singapore-enforcement-strategy.docx · 1044-00001

Parties

Harkness LLP

Logistics SA

Korinthian Maritime Holdings Ltd

Hartwell Pemberton LLP

Straits Meridian LLP

Aegean Capital Partners SA

KMH's Corp

Singapore Assets Corp

Dates

—

Amounts

$120,000,000

$1.2441

€620

$280

$15,000,000

$20,000,000

Obligations

Upon the grant of leave, the enforcement order must be served on KMH

The writ must identify the vessel by name, IMO number, and other relevant particulars (M/V Crimson Horizon, IMO 9801334, Handymax Bulk Carrier, 37,500 DWT, Liberian flag) and must set out the nature of the claim and the statutory basis for in rem jurisdiction

Requirement for Vessel to Be in Singapore Waters Critically, the vessel must be within Singapore territorial waters at the time the warrant of arrest is executed

The requirements for a garnishee order are: (i) there must be a judgment or order for the payment of money by the judgment debtor to the judgment creditor — in this case, the enforcement order once leave to enforce the LCIA Award is granted under the IAA; (ii) a third party (the garnishee) must be indebted to the judgment debtor — in this case, Pinnacle Bank (Singapore) Ltd

must owe a debt to KMH; and (iii) the debt owed by the garnishee must be a debt that is ascertainable and presently due and owing, or will become due and owing in the future