KPMG Named Interim Judicial Manager for Singapore Iron Ore Trader Radiant World

The switch to KPMG matters less for the appointment itself than for what it reveals: the Deloitte conflict objection tied the insolvency process directly to Radiant's $2 billion claim against Glencore, its auditor. That intertwining means creditor recoveries and litigation strategy now move together, with Mizuho's withdrawn proposal signalling creditor preferences can shape who runs the estate. Whether the Glencore suit survives judicial management — and how KPMG treats it as an asset — is the open question.