Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers O > Headlines for Ocean Rig UDW Inc. > News item |
Ocean Rig UDW Chapter 15 case closed after representative’s request
New York, March 12 – Ocean Rig UDW Inc.’s Chapter 15 case was closed on Friday following a request by the foreign representative to the U.S. Bankruptcy Court for the Southern District of New York.
The request was made on Feb. 5 by foreign representative Iraklis Sbarounis.
Sbarounis noted that the Grand Court of the Cayman Islands sanctioned the Ocean Rig debtors’ schemes of arrangement on Sept. 14. Those orders were enforced by the U.S. court on Sept. 20.
The schemes took effect on Sept. 22.
No objections were received within 30 days of the representative’s request.
Ocean Rig is a deepwater driller based in Nicosia, Cyprus. The company filed for bankruptcy on March 27, 2017 in the U.S. Bankruptcy Court for the Southern District of New York under Chapter 15 case number 17-10736.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.