oBike users unlikely to get deposits back

oBike announced on Monday that it was ceasing operations in Singapore, saying it foresaw difficulties in meeting upcoming Land Transport Authority licensing requirements.
oBike announced on Monday that it was ceasing operations in Singapore, saying it foresaw difficulties in meeting upcoming Land Transport Authority licensing requirements.ST FILE PHOTO
Chinese-owned oBike, which rolled out in Singapore in January last year, had an office in Commonwealth Lane, and at least 20 staff.
Chinese-owned oBike, which rolled out in Singapore in January last year, had an office in Commonwealth Lane, and at least 20 staff.ST PHOTO: ZHAKI ABDULLAH

With bike-sharing firm in liquidation, legal action against it by end-users is not allowed

With bicycle-sharing operator oBike in liquidation in Singapore, the chances of users getting their deposits back are slim, say lawyers.

It is unclear how many people have unreturned deposits - of up to $49 - which they placed with oBike to rent its two-wheelers, although some 260 customers have lodged complaints with the consumer watchdog against the company so far this year.

TO READ THE FULL ARTICLE

Thank you for reading The Straits Times

You have reached one of our Premium stories. To continue reading, get access now or log in if you are a subscriber.

What is Premium?

A version of this article appeared in the print edition of The Straits Times on June 27, 2018, with the headline 'oBike users unlikely to get deposits back'. Print Edition | Subscribe