Decommissioning. A word familiar to all of those who are involved in oil and gas exploration and production around the globe. It is defined in the Cambridge English Dictionary as.
As more fields enter into their twilight years, that day is very much upon us. According to OEUK, £1.27bn was spent on decommissioning activities in the UK North Sea in 2021. This was expected to increase to almost £2bn in 2022 and to approximately £2.25bn by 2030.
Section 423 of the Insolvency Act 1986 allows for the reversal of certain transactions at an undervalue that are intended to prejudice the interests of creditors. The scope of Section.
The English High Court has sanctioned a restructuring plan in respect of EUR 3.2 billion of bonds issued by the German real estate business, Adler Group. The main objective of the plan.
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