The Asian Commodities Watergate; A Code for Transparency [PDLegal LLC Advocates and Solicitors]
BY Peter Doraisamy, Josiah Fong |
Following the collapse of commodities giants Agritrade International Pte Ltd (“Agritrade”) and Hin Leong Trading (“Hin Leong”), the fragility of the commodities market became painfully clear, with financiers, banks and traders alike scrambling to secure cargo amounting to millions in trade financing.