The Irish High Court has delivered its judgment on repudiation of contracts (including leases and guarantees) in the Norwegian case which will be of interest to the aviation and restructuring and insolvency communities alike.

The key takeaways from the judgment (which will be dealt with in more detail in a future article) are:

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.