April 19, 2019

Court permits strategic transfer of Center of Main Interests (COMI) in Chapter 15 Case

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By Hogan Lovells From JD Supra The bankruptcy court in In re Ocean Rig UDW Inc., 17-10736 (Bankr. S.D.N.Y. Aug. 24, 2017) determined that a decision by an offshore drilling company from the Republic of the Marshall Islands (RMI) to shift its Center of Main Interest (COMI) to the Cayman Islands prior to defaulting on […]