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Singapore Court Pauses Chemical Sales Row For Arbitration

Law360, New York (August 10, 2017, 4:46 PM EDT) -- The High Court of Singapore has paused a BASF unit’s $4.8 million suit against a Singaporean commodities trader over sales and purchase contracts for petrochemicals, finding the companies must wait for the result of related arbitration.

The Singapore branch of Swiss chemical company BASF Intertrade AG had sued H&C S Holdings Pte. Ltd. in the Singapore court, claiming it was owed $4,368,230 under certain pairs of sales and purchase agreements — referred to as Category 1 agreements — involving the chemicals benzene and toluene. BASF also...
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