The $45m battle between Jinhui Shipping & Transportation and Parakou Group, controlled by the Hong Kong shipowning families Ng and Liu, has reached a new level with an injunction forbidding CC Liu and his wife from disposing of their Singapore house.

The injunction is meant to prevent a “dissipation of assets” that might otherwise be available to a Jinhui subsidiary that is seeking satisfaction for its unpaid arbitration award.

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