KPMG, PwC team up on bankrupt OW Bunker Far East debts
KPMG will be the liquidators while PwC will be the receivers.
Liquidators from KPMG and receivers from PricewaterhouseCooopers LLP have inked a Cooperation Agreement to facilitate the prompt collection and receipt of all receivables owed to O.W. Bunker Far East (Singapore) Pte Ltd (OWB).
The Cooperation Agreement signed on 6 February 2015 sets up an important framework for the collection of all receivables owed to OWB.
At a creditors' meeting held in Singapore, the creditors were informed that a special resolution in writing had earlier been passed by the sole shareholder of OWB to wind up OWB.