Private Credit Firm Third Eye Capital Wins Rare Ruling to Pursue Shipping Founder

BloombergThursday, October 9, 2025 at 10:00:00 AM
Private Credit Firm Third Eye Capital Wins Rare Ruling to Pursue Shipping Founder
In a significant legal victory, Third Eye Capital has secured a ruling from a court in the Marshall Islands that holds shipping executive Por Liu personally accountable for over $10 million in debt related to a failed ship-financing deal. This ruling is crucial as it not only impacts Liu and his company, Parakou Tankers Inc., but also sets a precedent in the shipping finance sector, potentially influencing how similar cases are handled in the future.
— Curated by the World Pulse Now AI Editorial System

Was this article worth reading? Share it

Latest from Financial Markets
Shuttle Pharmaceuticals stock soars after AI acquisition letter of intent
PositiveFinancial Markets
Shuttle Pharmaceuticals has seen a significant surge in its stock price following the announcement of a letter of intent for an acquisition involving artificial intelligence technology. This move is seen as a strategic step to enhance their product offerings and improve operational efficiency, which could lead to increased market competitiveness. Investors are optimistic about the potential growth and innovation that this acquisition could bring, making it a noteworthy development in the pharmaceutical sector.
BP wins arbitration case against Venture Global over LNG cargoes
PositiveFinancial Markets
BP has successfully won an arbitration case against Venture Global regarding LNG cargoes, marking a significant victory for the company in the competitive energy sector. This outcome not only reinforces BP's position in the liquefied natural gas market but also highlights the importance of legal frameworks in resolving disputes within the industry. Such victories can enhance investor confidence and potentially lead to more favorable business dealings in the future.
Warren Asks Hedge Fund Group If It Played Argentina Bailout Role
NeutralFinancial Markets
Senator Elizabeth Warren is seeking clarity from a hedge fund group about its involvement in the Trump administration's decisions regarding financial support for Argentina during a challenging economic period. This inquiry is significant as it highlights the intersection of politics and finance, raising questions about the influence of private investment firms on government policy and international aid.
Mexico to discuss tariff hikes with China and others before making law
NeutralFinancial Markets
Mexico is set to engage in discussions with China and other nations regarding potential tariff increases before finalizing any new legislation. This is significant as it reflects Mexico's proactive approach to trade negotiations and its desire to balance economic interests while navigating complex international relations.
Trump administration airs video at airports blaming Democrats for shutdown
NegativeFinancial Markets
The Trump administration has taken a controversial step by airing a video at airports that blames Democrats for the ongoing government shutdown. This move is significant as it not only seeks to sway public opinion but also highlights the deepening political divide in the country. By using public spaces to convey their message, the administration aims to put pressure on Democrats while rallying support from travelers who may be affected by the shutdown.
LA Times journalists vote to authorize open-ended strike
NegativeFinancial Markets
LA Times journalists have voted to authorize an open-ended strike, signaling serious discontent over working conditions and contract negotiations. This move highlights the ongoing struggles within the media industry, where journalists are advocating for better pay and job security. The potential strike could disrupt news coverage and impact the flow of information to the public, making it a significant event in the landscape of journalism.