Appleby Cayman advises on USD3.7bn restructuring of Ocean Rig Group
Appleby Cayman has acted as Cayman Islands counsel to the Ad Hoc Group of Creditors on the financial restructuring of Ocean Rig UDW Inc and three of its subsidiaries by way of four inter-connected Cayman Schemes of Arrangement and Chapter 15 recognition. The restructuring resulted in a net debt reduction