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Jurisdiction(s):
United Kingdom

Waldorf Production UK Plc: second English Part 26A plan for Harbour sale, Deed Poll for Norwegian bonds, four classes convened, HMRC dissent and 'no worse off' challenge

Practice notes
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Waldorf Production UK Plc (the Company) seeks approval for a second Part 26A restructuring plan (RP) at a convening hearing set for February 2026. Key points are outlined below (capitalised terms not defined here have the meanings given in the convening judgment). This renewed proposal follows the court’s refusal to sanction the first plan on fairness grounds and the potential leapfrog appeal to the Supreme Court, which the Company opted not to pursue in light of this second RP (see Waldorf Production UK Plc (sanction) and Practice Note: Part 26A restructuring plan deal debrief—Waldorf Production UK Plc). The second plan enables a sale to Harbour Energy PLC (Harbour). This Deal Debrief sits within our Restructuring plans collection. For an in-depth review of core metrics from RPs filed in 2024 and commentary from leading figures in restructuring, see News Analysis: Market Insights Trend Report—trends in Part 26A restructuring plans in 2024.

Name of plan company

Waldorf Production UK Plc.

Industry sector

Oil and Gas.

Place of debtor’s incorporation and jurisdictional factors

England and Wales...

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Web page updated on 29/05/2026

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