May 17th, 2018 
Jason Jiang
Asia, Offshore 0 comments
Singapore offshore vessel operator Pacific Radiance has announced its intention to pursue a restructuring through the courts via a scheme of arrangement.
In order to preserve the proposed restructuring, Pacific Radiances wholly owned unit Pacific Crest had made applications to the court to seek interim protection against legal proceedings that could sink its ongoing restructuring discussions with various stakeholders. Pacific Crest was hit this week with a winding up order from Alliance Catering claiming payments for debts of over $1…
Read the full article at: https://splash247.com/pacific-radiance-commences-court-led-restructuring/