PwC, 2 law firms could earn S$17m from Hin Leong's rescue bid

Singapore

PRICEWATERHOUSECOOPERS (PwC) and legal firms Rajah & Tann and Drew & Napier could pocket up to S$17.3 million in fees from the court-supervised bid to rescue debt-hit Hin Leong Trading (HLT), say court documents.

Some insolvency players say the sum (including actual and projected fees) is a sweet one for just over nine months of work on the case involving Singapore's largest oil trader, which has been brought to its knees by an oil slump and fraud allegations.