You are here

Swiber's judicial management applications hearing to be heard on Aug 2

Tuesday, August 2, 2016 - 07:58
39238095 - 28_07_2016 - SWIBER HOLDINGS-RESTRUCTURING_.jpg
Swiber Holdings's judicial management applications hearing by the Singapore High Court has been fixed at 5pm on Tuesday.

Swiber Holdings's judicial management applications hearing by the Singapore High Court has been fixed at 5pm on Tuesday.

Cameron Lindsay Duncan, joint provisional liquidator of the oil and gas-related firm, said late Monday that the application would be heard in Chamber 4B.

The High Court has also fixed a judge pre-trial conference for Friday, August 5 at 10.00am in Chamber 4A.

Swiber, which had previously said it was winding up, did a backpedal last Friday and said it would be placing the company under judicial management instead.

Under judicial management, debt-ridden Swiber will be able to continue operating but under court supervision while attempting to turn around the business.

Powered by GET.comGetCom