High Court expresses confidence in Lancaster’s futureLancaster turret buoy tow-out from Lerwick. Photo: Hurricane

High Court expresses confidence in Lancaster’s future

A proposed restructuring plan by the Hurricane Board has been declined in court.

“The company is profitable, and anticipated to remain profitable for at least the year.” This is the number one circumstance provided by the High Court of Justice in their judgement on the proposed restructuring plan put forward by the current board of Hurricane. In the light of the significant downgrade in resources and reserves for […]

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