Tue 02/27/2024 08:10 AM
Relevant Document:
Sanction Judgment
This morning, the English High Court handed down a judgment approving McDermott’s Part 26A restructuring plan. The decision follows the longest contested sanction hearing for an English restructuring plan to date, which took place over six days to Feb. 15,
as reported.
Justice Michael Green was highly critical of the “extraordinary” conduct of the sole challenging creditor Reficar during the trial in relation to rolling settlement negotiations. This...
This article is an example of the content you may receive if you subscribe to a product of Reorg Research, Inc. or one of its affiliates (collectively, “Reorg”). The information contained herein should not be construed as legal, investment, accounting or other professional services advice on any subject. Reorg, its affiliates, officers, directors, partners and employees expressly disclaim all liability in respect to actions taken or not taken based on any or all the contents of this publication. Copyright © 2024 Reorg Research, Inc. All rights reserved.