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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.
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In May 2016, the Ministry of Law announced the establishment of the Civil Justice Review Committee (“CJRC”) which was tasked to propose reforms to the Singapore civil justice system.