March 14, 2019
A New York bankruptcy judge on Thursday approved a plan to wind down and distribute assets from the estate of defunct oil fleet operator Toisa Ltd. after overruling an objection to the way it gathered consent to release company executives and other third parties from potential claims in the future.
June 08, 2018
Chinese manufacturing giant Shanghai Zhenhua agreed to pay $20 million to offshore oil tanker company Toisa Ltd. to end a shipbuilding arbitration dispute between the two companies, according to a motion filed Friday in Toisa's bankruptcy proceedings.
January 10, 2018
A New York bankruptcy judge Monday gave offshore oil servicer Toisa Ltd. another 10 days to solicit it debtors for approval of its Chapter 11 plan.
January 03, 2018
A New York bankruptcy judge signed an order Tuesday approving a settlement between Toisa Ltd. and Hyundai Heavy Industries Co. that resolves a shipbuilding dispute and adds $42.5 million to the shipping company's bankrupt estate, which is looking to negotiate a Chapter 11 exit plan in the near term.