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8 months ago
BRIEF-Swiber updates on court orders on placement of Co into judicial management
December 1, 2016 / 12:41 PM / 8 months ago

BRIEF-Swiber updates on court orders on placement of Co into judicial management

1 Min Read

Dec 1 (Reuters) - Swiber Holdings Limited

* Singapore high court also ordered that validity of orders placing companies in judicial management shall be extended to remain in force for a further 180 days

* Court granted an extension of time until 23 march 2017 for judicial managers to, inter alia, send to creditors a statement of proposals

* Judicial managers will also be making arrangements to convene an informal creditors' meeting in january 2017

* Refers to orders of Singapore High Court dated 6 october 2016 placing company and Swiber Offshore Construction Pte Ltd into judicial management

* Orders placing companies in judicial management shall be extended to remain in force for a further 180 days from 4 april 2017, until 1 october 2017 Source text for Eikon: Further company coverage:

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