Edinburgh court approves Premier Oil schemes, but creditor already appealing
North Sea oil rig (Credit: Shutterstock/FrodeKoppang)
In a nearly 140-page decision, a Scottish court has applied the Buckley test to approve a pair of schemes dealing with a US$2.8 billion “debt wall” fast approaching the UK's Premier Oil – but the schemes have already been stayed while its biggest creditor appeals.
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