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Worldwide Freezing Order dated 7 August 2020 on AGROOXI LIMITED (formerly OLEOS TRADING LIMITED)

09/ 12/ 2020
  On 7 August 2020 the High Court of England and Wales has granted a Worldwide Freezing Order (“Order”) to ADM Germany GmbH against Agrooxi Limited (formerly Oleos Trading Limited), prohibiting the latter from dealing with, disposing of or diminishing the value of its assets up to the sum of US$570,000, whether they be in England and Wales or elsewhere. This prohibition applies, inparticular, to any stock of agricultural products or their proceeds of sale and any cargoes (including cargoes afloat), wherever located. Dealing with assets of AgrooxiLimited (formerly Oleos Trading Limited), or assist it in dealing with its assets, is breaching the Order. The Order has been granted in the frames of enforcement procedure of GAFTA Arbitration award, initiated by ADM Germany GmbH.

On 7 August 2020 the High Court of England and Wales has granted a Worldwide Freezing Order (“Order”) to ADM Germany GmbH against Agrooxi Limited (formerly Oleos Trading Limited), prohibiting the latter from dealing with, disposing of or diminishing the value of its assets up to the sum of US$570,000, whether they be in England and Wales or elsewhere. This prohibition applies, inparticular, to any stock of agricultural products or their proceeds of sale and any cargoes (including cargoes afloat), wherever located. Dealing with assets of AgrooxiLimited (formerly Oleos Trading Limited), or assist it in dealing with its assets, is breaching the Order.

The Order has been granted in the frames of enforcement procedure of GAFTA Arbitration award, initiated by ADM Germany GmbH.

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