On Wednesday 29 April the Outer House of the Court of Session in Edinburgh issued an opinion sanctioning two schemes of arrangement proposed by Premier Oil Plc and Premier Oil UK Limited (together, Premier Oil) (the Schemes). The Court addressed multiple grounds of challenge and did so without hearing live evidence, despite disputes of fact between the parties.
European Union, United Kingdom, Energy & Natural Resources, Insolvency & Restructuring, Litigation, Weil Gotshal & Manges LLP
The EAT has held that employees of a business will transfer to the buyer of that business, even where the business is in administration, as long as there has been a 'relevant transfer'.
United Kingdom, Employment & Labor, Insolvency & Restructuring, Litigation, Penningtons Manches Cooper LLP, Bankruptcy, Consideration, Liability (financial accounting), Transfer of Undertakings (Protection of Employment) Regulations 2006 (UK)