The webinar recording will be available shortly.

Petrofac's hopes of turning around its fortunes were dealt a significant blow when the Court of Appeal upheld an appeal against the beleaguered contractor's restructuring plans. But the implications extend far beyond one company's fate.

9fin's latest webinar unpacks this landmark decision that refines the boundaries of cross-class cram down and sets new standards for fairness, evidence, and creditor treatment in UK restructuring plans.

Our 9fin host Danish Mehboob will be joined by Dorian Lowell, head of restructuring at Gleacher Shacklock, Luke Viner, senior legal consultant at 9fin, and Denitsa Stoyanova, senior distressed credit analyst at 9fin, to examine the implications of the judgment for market participants.

Key details: July 8th 2025 | 11am BST

Topics will include:

• What Petrofac tells us about the purpose and limits of the cross-class cram down
• Why courts are raising the bar on fairness and evidence, especially for new money deals
• The role of market testing in justifying terms for rescue finance
• How companies must now approach the allocation of restructuring surplus
• Practical takeaways for plan proponents, investors, and advisers

This event is essential for anyone looking to understand how this judgment may reshape the UK restructuring landscape.