Saipem SPA & ors (appellant) v Petrofac Ltd & anr (respondents)
Monday 2 – Wednesday 4 June 2025
By Appellant’s Notice submitted on 23 May 2025, Saipem S.P.A., Saipem Singapore PTE Ltd, Samsung E&A Co. Ltd, and Samsung E&A (Thailand) Co. Ltd, appeal with permission granted by Justice Marcus Smith in order dated 20 May 2025, the decision of Justice Marcus Smith dated 20 May 2025 sanctioning the Restructuring Plans as set out is Schedules 1 and 2 of that order.
The appeal arises from an application by two companies, Petrofac Limited and Petrofac International (UAE) LLC (together the Plan Companies) for permission to convene various meetings at which there can be considered and, if thought fit, approved a restructuring plan under Part 26A of the Companies Act 2006.
View hearing:
Day 1
Day 2
Day 3