High Court to hear Swiber's judicial management application today at 5pm

Swiber Holdings' applications for judicial management for itself and subsidiary, Swiber Offshore Construction Pte Ltd, will be heard by the Singapore High Court on August 2.
Swiber Holdings' applications for judicial management for itself and subsidiary, Swiber Offshore Construction Pte Ltd, will be heard by the Singapore High Court on August 2.PHOTO: REUTERS

SINGAPORE - Swiber Holdings' applications for judicial management for itself and subsidiary, Swiber Offshore Construction Pte Ltd, will be heard by the Singapore High Court at 5 pm on Tuesday (Aug 2).

The hearing will be held in Chamber 4B of the High Court, Cameron Lindsay Duncan, joint provisional liquidator of the offshore services firm said in a filing to the Singapore Exchange late on Monday (Aug 1).

The High Court has also fixed a judge pre-trial conference for Friday (Aug 5) at 10 am in Chamber 4A.

 

Swiber last Friday (July 29) made a sudden late night announcement that it was withdrawing its shock winding-up application to opt instead for judicial management.

Its bid to survive averted what would have been the biggest collapse of an oil and gas related company in Singapore.

A judicial management allows Swiber to continue operating under court supervision while attempting to turn around the business.