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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 …
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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 [ …
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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 …
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Court rules against Petrofac restructuring plans
04 Jul 2025 12:57 GMT
An appeal by Saipem and Samsung E&A has been upheld
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Petrofac problems could impact Middle East projects
04 Jul 2025 12:58 GMT
The company has clashed with Saipem and Samsung E&A over restructuring plans
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Exclusive news, comment and analysis on the MENA region
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Court of Appeal overturns Petrofac restructuring plans over unfair value allocation
02 Jul 2025 13:28 GMT
… two restructuring plans for Petrofac and Petrofac Facilities Management under Part … to release unsecured claims against Petrofac Facilities Management Ltd (PFML), … and Samsung (appellants) v Petrofac and Petrofac International (respondents), the appellants …
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Mark Warburton makes astonishing Rangers claims over 55 banner, Petrofac Cup and 'shoddy' exit
18 Jun 2025 11:40 GMT
… before. We’d won the Petrofac Cup, we’d won the …
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Case Comment: Petrofac Restructuring Plans
09 Jun 2025 20:31 GMT
… simplified) level, two Petrofac entities each proposed an … alternative (on which basis Petrofac asserted that they were … capacity as competitors of Petrofac, of an insolvent liquidation … Samsung and Saipem argued that Petrofac, when devising the restructuring …
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Petrofac Gets Court Approval for Restructuring but Faces Appeal
22 May 2025 11:07 GMT
… materially strengthening its financial position”, Petrofac said.
In its latest results … and adverse operating leverage”.
Petrofac has deferred the publication of … extended a forbearance agreement with Petrofac, withholding themselves from pursuing their …
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Petrofac receives approval for restructuring
22 May 2025 08:12 GMT
… , for the same reason.
Despite Petrofac struggling with significant financial difficulties … strengthening its financial position."
Petrofac’s chairman, Rene Medori, said … binding agreement with its creditors.
Petrofac has been struggling with financial …