What was the key legal outcome that allowed Harbour Energy to proceed with its acquisition of Waldorf Production UK?

A London court, led by Justice Michael Green, dismissed HMRC's objection and approved Waldorf’s restructuring plan using a cross-class cramdown — a legal mechanism enabling approval despite HMRC’s dissent — ruling that the plan was better for all creditors than insolvency.

How much will HMRC recover from Waldorf’s unpaid taxes under the court-approved restructuring plan?

HMRC, which is owed approximately £70 million ($94.8 million) by Waldorf, will receive 14% of the nominal value of that tax debt under the court-approved restructuring plan.

Harbour Energy Clears Waldorf Acquisition Following Court Ruling Against HMRC

May 5, 2026

Harbour Energy has secured court approval to acquire Waldorf Production UK after Justice Green dismissed HMRC's objection to a debt restructuring plan. The deal adds 20,000 barrels of oil equivalent per day to Harbour's North Sea production portfolio.

bloomberg

2026-05-05

Harbour Energy Clears Waldorf Acquisition Following Court Ruling Against HMRC

Harbour Energy Clears Waldorf Acquisition Following Court Ruling Against HMRC

FAQ