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.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
India's Vedanta misses Q4 profit estimates on lower prices
BHP targets Anglo American in bid valuing miner at US$39 billion
China's Sinopec charts global expansion with refinery in rival India's backyard
Gold trades in tight range as market focuses on US economic data
Oil settles lower as US business activity cools, concerns over Middle East ease
Orsted says Taiwan wind project to power TSMC on track for 2025 finish