Mon 22 Nov 2010 09:26

BP ordered to return items to former traders


Court ruling orders oil major to return seized items to former members of its fuel oil and marine fuels trading teams.



BP Plc has been ordered to return all items it took from its former fuel oil traders in a Singapore court ruling.

The decision is part of an ongoing trial involving six former members of BP's fuel oil and marine fuels trading teams who were sued by the oil major for breach of contract. BP claimed they wrongfully downloaded and misused confidential company information, helping rival Brightoil set up a rival business in the city-state.

In addition to the order to return all items to the former traders, the court ruling also ordered a separate hearing on costs and damages to five of the six traders - one of the six applications for the so-called Anton Piller Order (APO) to be set aside was not granted.

Commenting on the ruling, the traders said in a statement: “The court’s ruling vindicates their stand that the APOs were taken out for unlawful reasons, and that the plaintiff had failed to disclose material facts to the court when the APOs were obtained in the first place.”

BP spokesperson Robert Wine is quoted as saying in a statement: “The orders reflect the court’s recognition of the need in this case to protect BP’s confidential information and to prevent the destruction of evidence, whilst balancing competing interests.”

BP's former global fuel oil trading head, Quek Chin Thean, the ex-head of its marine fuels business in Asia, Clarence Chang, senior trader John Foo and former executive assistant Laura Kuan countersued BP in August cliaming that they were wrongly dismissed and were owed an unspecified amount of money by BP.

The two other former members of staff, senior trader Paul John Bradshaw and legal manager Simon Cheong did not file counter claims.

All six of the former BP employees were hired by Brightoil together with other ex-BP staff. The group are understood to have accepted a signing bonus from the Hong Kong-listed firm, but deny misusing confidential BP information.

In its lawsuit BP said Quek and Cheong masterminded the departures of the 20 staff and carried out negotiations with Brightoil whilst they were still employed by the oil major, a claim both men have denied.

In court papers Quek said that at least 40 employees have left BP’s Asian trading operations this year and that the record loss in the second quarter following the Gulf of Mexico oil spill could have prompted some workers to leave BP.

Policy changes on the trading floor and a change in the way bonuses were paid were also quoted as possible reasons for the wave of departures.

Chart showing percentage of off-spec and on-spec samples by fuel type, according to VPS. Is your vessel fully protected from the dangers of poor-quality fuel? | Steve Bee, VPS  

Commercial Director highlights issues linked to purchasing fuel and testing quality against old marine fuel standards.

Ships at the Tecon container terminal at the Port of Suape, Brazil. GDE Marine targets Suape LSMGO by year-end  

Expansion plan revealed following '100% incident-free' first month of VLSFO deliveries.

Hercules Tanker Management and Hyundai Mipo Dockyard sign bunker vessel agreement Peninsula CEO seals deal to build LNG bunker vessel  

Agreement signed through shipping company Hercules Tanker Management.

Illustration of Kotug tugboat and the logos of Auramarine and Sanmar Shipyards. Auramarine supply system chosen for landmark methanol-fuelled tugs  

Vessels to enter into service in mid-2025.

A Maersk vessel, pictured from above. Rise in bunker costs hurts Maersk profit  

Shipper blames reroutings via Cape of Good Hope and fuel price increase.

Claus Bulch Klausen, CEO of Dan-Bunkering. Dan-Bunkering posts profit rise in 2023-24  

EBT climbs to $46.8m, whilst revenue dips from previous year's all-time high.

Chart showing percentage of fuel samples by ISO 8217 version, according to VPS. ISO 8217:2024 'a major step forward' | Steve Bee, VPS  

Revision of international marine fuel standard has addressed a number of the requirements associated with newer fuels, says Group Commercial Director.

Carsten Ladekjær, CEO of Glander International Bunkering. EBT down 45.8% for Glander International Bunkering  

CFO lauds 'resilience' as firm highlights decarbonization achievements over past year.

Anders Grønborg, CEO of KPI OceanConnect. KPI OceanConnect posts 59% drop in pre-tax profit  

Diminished earnings and revenue as sales volume rises by 1m tonnes.

Verde Marine Homepage Delta Energy's ARA team shifts to newly launched Verde Marine  

Physical supplier offering delivery of marine gasoil in the ARA region.


↑  Back to Top