High Court approves Petroceltic survival scheme

An amended survival scheme for Petroceltic International and two related companies which sees the troubled explorer taken over by Cayman-Islands-based fund Worldview has been approved by the High Court.

High Court approves Petroceltic survival scheme
Fri, 17 Jun, 2016 - 01:00
Ann O’Loughlin

The scheme came into effect at 6pm yesterday.

There was no opposition to the modified scheme when it was put before Mr Justice Brian McGovern from 12.30pm yesterday.

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CourtsPetrocelticHigh CourtBusinessFinancesurvival schemePlace: CaymanPerson: Brian McGovernPerson: John O’DonnellPerson: Dana PetroluemPerson: Michael CollinsPerson: Michael McAteerPerson: Angelo MoskovOrganisation: High CourtOrganisation: Petroceltic InternationalOrganisation: WorldviewOrganisation: Petroceltic
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