One is better than three: Singapore court rejects JM appointments
Too many cooks: the court found it was hard to see the advantage in having three sets of insolvency professionals instead of one (Credit: Shutterstock.com/CartoonResource)
An international logistics group’s founder and creditor have failed to persuade a Singapore court to appoint judicial managers on top of receivers allegedly acting in the interests of its bondholders, after the court found it was hard to see the advantage in having three sets of insolvency professionals instead of one.
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