New Delaware Chapter 11 Filing – Offshore Group Investment Limited et al.

Offshore Group Investment Limited and 23 affiliates, which trade generally as Vantage Drilling Company (OTC Pink: VTGDF), have filed chapter 11 petitions before the United States Bankruptcy Court for the District of Delaware (lead case number 15-12422).  The cases have been assigned to Judge Brendan L. Shannon.  The Debtors are an international offshore drilling company operating a fleet of modern, high-specification drilling units providing their services to major, national and independent oil and natural gas companies.    The debtors have filed pre-packaged plan of reorganization and a related disclosure statement (linked without exhibits).  The petition and consolidated list of top 30 creditors, along with the docket, are available through Epiq.  The company has issued a press release regarding its reorganization.

Contact Norman L. Pernick or Nicholas J. Brannick for more information.

As the law continues to evolve on these matters, please note that this article is current as of date and time of publication and may not reflect subsequent developments. The content and interpretation of the issues addressed herein is subject to change. Cole Schotz P.C. disclaims any and all liability with respect to actions taken or not taken based on any or all of the contents of this publication to the fullest extent permitted by law. This is for general informational purposes and does not constitute legal advice or create an attorney-client relationship. Do not act or refrain from acting upon the information contained in this publication without obtaining legal, financial and tax advice. For further information, please do not hesitate to reach out to your firm contact or to any of the attorneys listed in this publication.

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