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US/EMEA Special Situations: McDermott’s marathon Restructuring Plan hearing starts in High Court, with Reficar pushing back on $1.3bn claim wipe-out; liquidity problems an issue as advisory bill tops $150mn LevFin InsightsSpecial Situations

US/EMEA Special Situations: McDermott’s marathon Restructuring Plan hearing starts in High Court, with Reficar pushing back on $1.3bn claim wipe-out; liquidity problems an issue as advisory bill tops $150mn

A bid by engineering giant McDermott International to avoid paying ~$2bn in arbitration claims via a UK…
Siobhan Hodson
February 9, 2024