-
Cayman Islands Restructuring: Observations Following Petrofac
25 Aug 2025 14:33 GMT
… & Ors v Petrofac represents a further development … timely and helpful.
Background
Petrofac Limited and Petrofac International (UAE) LLC …
Building on Adler
The Petrofac decision builds on the … Appeal’s decision in Petrofac to overturn the restructuring …
-
Petrofac Goes to Supreme Court after Restructuring Plan Quashed
06 Aug 2025 03:14 GMT
… on 1 July”, Petrofac said.
Petrofac expected the restructuring … its statement last week, Petrofac said bondholders, investors and … outcome”, Kawash added.
“Petrofac’s operational capability remains … of future opportunities”.
Petrofac reported $192 million …
-
Petrofac secures relief for restructuring plan, but legal challenges remain
04 Aug 2025 05:04 GMT
… November 2025,” Petrofac said.
Yet Petrofac said on Friday … plan proposed by Petrofac Limited and Petrofac International (UAE) … overturn the decision.
“Petrofac’s operational capability remains … and construction awards to Petrofac.
Petrofac's shares on …
-
Petrofac secures extension to lock-up agreement
01 Aug 2025 10:30 GMT
… proposal on 1 July.
Petrofac also confirmed it would … outcome.”
Despite financial constraints, Petrofac reported that all business … 500m in new orders.
Petrofac said its backlog stood … cash flow management.
“Petrofac’s operational capability remains intact …
-
Saipem and Samsung E&A weigh up Petrofac ruling
30 Jul 2025 09:30 GMT
… Appeal recognised their argument over Petrofac's proposed restructuring plan …
Petrofac’s financial restructuring plan has … Court of Appeal ruling.Photo: PETROFAC
-
Petrofac Restructuring Plans Overturned: When Considering Restructuring Surplus’ Allocation, Sharing is Caring
21 Jul 2025 19:26 GMT
… (Saipem SPA & Ors v Petrofac Limited & Anor [2025] … High Court’s sanction of Petrofac’s restructuring plans (the … four key takeaways from the Petrofac Court of Appeal judgment … the-money creditors.
Background
The Petrofac Group, a major international …
-
Out of the money, but not down and out: UK Court of Appeal overturns Petrofac restructuring plans
09 Jul 2025 23:22 GMT
… restructuring plans proposed by Petrofac Limited and Petrofac International (UAE) LLC … employing over 8,000 people.
Petrofac has experienced serious financial difficulties … certain very material contractual liabilities. Petrofac’s own evidence showed that …
-
Redressing the Balance of Power in Restructuring Plans Petrofac in the Court of Appeal
08 Jul 2025 21:19 GMT
… dissenting unsecured creditors.Re Petrofac Limited and Petrofac International (UAE) LLC … court at first instanceRe Petrofac Limited and Petrofac International (UAE) LLC … increased.
ENDNOTES
1Re Petrofac Limited and Petrofac International (UAE) LLC [ …
-
Petrofac restructuring plan overturned by the Court of Appeal
08 Jul 2025 04:35 GMT
… Appeal’s judgment setting aside Petrofac’s restructuring plan sanction order …
-
Court rules against Petrofac restructuring plans
04 Jul 2025 12:57 GMT
An appeal by Saipem and Samsung E&A has been upheld
Become a MEED subscriber for unlimited access to:
Exclusive news, comment and analysis on the MENA region
An unrivalled 20-year old archive
Exclusive announcements on project news, bids, awards and …