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Here comes the story of the Hurricane Energy restructuring plan

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By Owen Sanderson
30 Jun 2021

Hurricane Energy’s restructuring plan has been thrown out by the High Court, in a victory for shareholders led by activist fund Crystal Amber, which are now poised to replace the board of the troubled oil drilling firm. The judgement underlines the care with which companies must exercise when seeking to use the new ‘cross-class cramdown’ features of the UK’s restructuring law.

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By Owen Sanderson
30 Jun 2021