Noble incurs additional legal risks with new investigation

The new investigation could fuel additional lawsuits against Nobel and perhaps also banks associated with the commodities trader. It might disrupt its imminent debt restructuring too.

Noble incurs additional legal risks with new investigation

The opening of a formal investigation into Noble Group could provide ammunition for lawsuits against the Singapore-listed company and, possibly, also banks associated with the commodities trader.

It may even jeopardise Noble's protracted $3.5 billion debt-restructuring, think some observers.

On Wednesday, Noble announced that both it and its wholly-owned subsidiary Noble Resources International NRI had received letters from a trio of Singaporean watchdogs. The Monetary Authority of Singapore MAS, Commercial...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Print Edition

FinanceAsia Print Edition

EVENTS