Regional news: Marshall Islands

Car Wash ripples lead to Cayman scheme Chapter 15

Offshore firm Conyers Dill & Pearman is seeking Chapter 15 recognition of a Cayman Islands scheme in New York to save a Marshall Islands drillship from foreclosure in its British dockyard, after its contract fell victim to the “Car Wash” investigation into Brazilian oil major Petrobras.

01 October 2018

Skadden helps container company complete debt refinancing

Skadden Arps Slate Meagher & Flom, Morgan Lewis & Bockius and Watson Farley & Williams have guided container company Danaos through an out-of-court refinancing of its US$2.2 billion debt.

17 August 2018

Court-to-court protocol proposed in Ocean Rig case, as objections mount in New York

The provisional liquidators of oil rig operator Ocean Rig have applied to establish a court-to-court protocol to administer its insolvency proceedings in the Cayman Islands alongside a disputed Chapter 15 case in New York.

18 May 2017

Cayman liquidators file Chapter 15 petitions ahead of oil rig operator's US$3.7 billion debt swap

The provisional liquidators of a Cayman-based oil rig operator have filed a cluster of Chapter 15 petitions in New York to protect four of its companies while they engage in a US$3.7 billion restructuring.

28 March 2017

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