Singapore court places Technics Oil & Gas under judicial management

Technics Oil & Gas and its subsidiary Technics Offshire Engineering have been placed under judicial management. 

Technics Oil & Gas, a solution provider for the oil and gas industry, applied to the High Court of Singapore for an order to place the company and the subsidiary under judicial management at the end of May 2016.

Technics said in a statement on Monday that the High Court has appointed Tam Chee Chong and Andrew Grimmett of Messrs Deloitte & Touche LLP as the Judicial Managers both of the company and its subsidiary.

The Judicial Managers will be managing the affairs, business and property of the company and the subsidiary in place of the Boards of Directors of the companies for the purpose of achieving the survival of the company and the subsidiary, or the whole or part of their undertaking as a going concern; the approval under Section 210 of the Companies Act (Cap 50) of a compromise or arrangement between the company and the subsidiary; and a more advantageous realization of the company’s and the subsidiary’s assets than would be effected on a winding up.

Share this article

Follow Offshore Energy Today

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 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 31 1 2 3 4 5

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply