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Petrofac Creditors Challenge $355M Rescue Deal On Appeal

By Sophia Dourou ( June 2, 2025, 5:59 PM BST) -- Samsung and an Italian oilfield services company urged the Court of Appeal Monday to overturn a $355 million restructuring plan won by Petrofac Ltd., arguing an earlier judge was wrong to hold they would not be "worse off" under the plan as creditors of the business....

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