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Law digests: 9 September 2022

09 September 2022
Issue: 7993 / Categories: Case law , In Court , Law digest
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Company

Re Nostrum Oil & Gas plc [2022] EWHC 1646 (Ch), [2022] All ER (D) 108 (Jun)

The Chancery Division heard an application by the applicant company, an oil and gas business, to convene a single meeting of certain of its creditors and, if thought fit, approving a scheme of arrangement under part 26 of the Companies Act 2006 (CA 2006). The applicant company had been incorporated in England and Wales in 2013. Its shares had been listed on the main market of the London Stock Exchange. It was the ultimate parent of a corporate group which had operated an oil and gas business in the Chinarevskoye Field, Kazakhstan. The corporate group had been overleveraged and accordingly, restructuring was needed. The applicant had applied a scheme which would impose a moratorium on any enforcement action by the noteholders to allow the company to implement the restructuring. The moratorium had been intended to remain in place until the date when the restructuring was completed, or until a long-stop date of 16 December 2022.

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MOVERS & SHAKERS

Mourant—Stephen Alexander

Mourant—Stephen Alexander

Jersey litigation lead appointed to global STEP Council

mfg Solicitors—nine trainees

mfg Solicitors—nine trainees

Firm invests in future talent with new training cohort

360 Law Group—Anthony Gahan

360 Law Group—Anthony Gahan

Investment banking veteran appointed as chairman to drive global growth

NEWS
Artificial intelligence may be revolutionising the law, but its misuse could wreck cases and careers, warns Clare Arthurs of Penningtons Manches Cooper in this week's NLJ
Bea Rossetto of the National Pro Bono Centre makes the case for ‘General Practice Pro Bono’—using core legal skills to deliver life-changing support, without the need for niche expertise—in this week's NLJ
Small law firms want to embrace technology but feel lost in a maze of jargon, costs and compliance fears, writes Aisling O’Connell of the Solicitors Regulation Authority in this week's NLJ
Charles Pigott of Mills & Reeve reports on Haynes v Thomson, the first judicial application of the Supreme Court’s For Women Scotland ruling in a discrimination claim, in this week's NLJ
The Supreme Court issued a landmark judgment in July that overturned the convictions of Tom Hayes and Carlo Palombo, once poster boys of the Libor and Euribor scandal. In NLJ this week, Neil Swift of Peters & Peters considers what the ruling means for financial law enforcement
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