SINGAPORE, March 20 (Reuters) – Singapore’s High Court ruled against a bid by Standard Chartered and BSI Bank to be heard in applications seeking to wind up some foreign entities as part of efforts to recover assets linked to Malaysia’s scandal-hit sovereign wealth fund 1MDB, according to a judgment issued on Thursday.
* Judge Aidan Xu held that Standard Chartered Bank(Singapore), BSI Bank and former BSI banker Hans Peter Brunnerdid not have standing to take part in four applications broughtby British Virgin Islands companies in liquidation, includingBrazen Sky and Blackstone Asia Real Estate Partners. * The companies are seeking winding-up orders in Singaporeso their liquidators can pursue claims to…

