September 2017

Representation of Joint Provisional Liquidators of Ocean Rig UDW in Huge Restructuring

Caribbean - Cayman Islands

Patrick Corr and Wayne Beck acted for the joint provisional liquidators of Ocean Rig UDW in its successful restructuring of approximately $3.8 billion of financial indebtedness. The restructuring, which was one of the world’s largest, was implemented through four separate and interconnected Cayman Islands law schemes of arrangement with Chapter 15 recognition.

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