Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events

English High Court approves Bibby Offshore scheme with recognition hearing looming

By Benjamin Clarke

12 January 2018

Less than a month since it made a Chapter 15 application in the US, a subsidiary of Liverpool-registered oil and gas services provider Bibby Offshore has had its scheme of arrangement sanctioned by a UK court, after receiving “overwhelming support” from scheme creditors.

English High Court approves Bibby Offshore scheme with recognition hearing looming