Petrofac restructuring plans move forwards: notice and fees in the spotlight
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On 8 April 2025, Mr Justice Marcus Smith delivered judgment granting Petrofac Limited and Petrofac International (UAE) LLC (the Plan Companies) permission to convene creditor meetings in respect of two inter-conditional restructuring Plans (the Plans). The fulsome judgment, following hearings on 28 February and 20 March, contains a number of interesting points:

Filed under:
United Kingdom, Insolvency & Restructuring, Litigation, White Collar Crime, Freshfields, Anti-bribery and corruption, Office of Foreign Assets Control (USA), Serious Fraud Office (UK)
Authors:
Katharina Crinson , Richard Tett , Caroline Platt , Rob Gray
Location:
United Kingdom
Firm:
Freshfields
Four key takeaways for restructuring and insolvency practitioners from the UKJT Legal Statement on Digital Assets and English insolvency Law

On 17 April 2024 the UK Jurisdiction Taskforce (theUKJT), chaired by Sir Geoffrey Vos published its Legal Statement on Digital Assets and English Insolvency Law.

Filed under:
United Kingdom, Banking, Insolvency & Restructuring, IT & Data Protection, Litigation, Freshfields Bruckhaus Deringer, Blockchain, Artificial intelligence, Insolvency
Authors:
Nicholas Cooper , Katharina Crinson , Rob Gray
Location:
United Kingdom
Firm:
Freshfields Bruckhaus Deringer