Regional news: Norway

Bermudan court approves scheme of arrangement for Norwegian oil group

A court in Bermuda has sanctioned a scheme of arrangement for global oil explorer Archer, the first Bermudan scheme used to amend the terms of Norwegian law-governed debt.

21 June 2017

Norwegian oil explorer seeks Chapter 15 protection for Bermudan scheme

Norway-based oil driller Archer has sought Chapter 15 recognition in Texas of scheme proceedings pending before a Bermudan court.

23 May 2017

Norwegian shipper liquidates after Japanese creditors veto restructuring plan

A Norwegian shipping company has entered liquidation after a group of Japanese creditors vetoed its restructuring plan and tried to reverse the sale of its subsidiary for an allegedly reduced price.

07 March 2016

Boeing trial begins against Russia’s “alter egos” over bankrupt satellite launcher

A trial is under way in a US court to decide whether aircraft manufacturer Boeing can seek compensation from US subsidiaries of Russia’s state space vehicle company as its “alter-egos”, in a US$350 million dispute over the bankruptcy of a failed satellite joint venture.

16 December 2015

Get unlimited access to all Global Restructuring Review content