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:
United Kingdom, Insolvency & Restructuring, Litigation, White Collar Crime, Freshfields, Anti-bribery and corruption, Office of Foreign Assets Control (USA), Serious Fraud Office (UK)