China Aviation Oil (Singapore) Limited - Sliding down a Slippery Slope: The US$550m Derivative Trading Loss of November 2004
This note focuses on the events that led to the decline of China Aviation Oil under US$550m of derivative trading losses and following attempts to identify the causes and save the company from liquidation via a debt restructuring scheme of arrangement.
PUBLICATION DATE: September 01, 2005 PRODUCT #: INS565-HCB-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING