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Emas applies for judicial management after failed rescue deals
Published Mon, Jul 22, 2019 · 09:50 PM
Singapore
AILING offshore services provider Emas Offshore has applied to be placed under judicial management, five months after a rescue plan for the company was called off.
Judicial management is a rescue procedure to restructure a distressed company's debt. An independent judicial manager will be appointed to take control of the firm's affairs, business and property, in an attempt to help it surviv…
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