Swiber Gets Judicial Management Extension

Swiber Holdings has received an extension of judicial management from the Singapore High Court for further 180 days.

The company along with its subsidiary Swiber Offshore Construction will see the judicial management extended until October 01, 2017.

To remind, Swiber has been put under judicial management in October 2016. The Court appointed KPMG as the judicial managers for the company.

Swiber has also been granted an extension for the company to send creditors a statement of proposals and summon a creditors’ meeting, until March 23, 2017.

Earlier this week, the company informed that the creditors have started the voluntary liquidation of Swiber’s wholly owned subsidiary Swiber Offshore Marine (SOM).

KPMG have been appointed as the provisional liquidator of SOM.

Share this article

Follow Subsea World News


<< Nov 2017 >>
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

Underwater Intervention 2018

UI 2018 will draw the industry’s leaders from across the country and around the globe to gather for 3 days of networking…

read more >


The conference will build upon previous sell-out events and will encompass numerous keynote sessions all focused on the latest decommissioning…

read more >

Subsea Connect Americas

Subsea Connect Americas is the annual gathering for the submarine communications industry operating in North, South & Central America…

read more >

Future Energy Asia Exhibition & Conference (FEA) 2018

The transformation and development of Thailand is a major priority for the government which creates incredible business opportunities…

read more >