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Singapore Court Grants Judicial Management to Swiber

By David Yong (Bloomberg) — Swiber Holdings Ltd., the Singapore-based firm that roiled the local bond market when it defaulted in August, has been put under judicial management while it reorganizes debt. The high court in the city-state granted applications by Swiber Holdings, which helps build offshore oil platforms, and by its unit Swiber Offshore […] The post Singapore Court Grants Judicial Management to Swiber appeared first on gCaptain.
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