SunEdison filed with the U.S. Bankruptcy Court a Joint Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement, “As of the date hereof, and based on the recently announced Brookfield transactions, the plan of reorganization…envisions (a) the Debtors’ (or their creditors’) continued ownership of certain shares in TERP under Brookfield’s sponsorship, (b)…

China Fishery Group’s Debtor affiliate CFG Peru Investments (Singapore)’s Chapter 11 trustee filed with the U.S. Bankruptcy Court a motion for the entry of an order, pursuant to Section 105, authorizing the trustee to commence recognition proceedings before the High Court of the Republic of Singapore. T he motion explains, “The Trustee has been advised…

Cayman Islands-based Ocean Rig UDW and three affiliated Debtors filed for Chapter 15 protection with the U.S. Bankruptcy Court in the Southern District of New York, case number 17-10736. The Company, which provides oilfield services for offshore oil and gas exploration, development and production drilling, is represented by Evan C. Hollander of Orrick, Herrington &…

The U.S. Bankruptcy Court approved PostRock Energy’s Chapter 11 trustee’s motion to terminate the Company’s executive non-qualified excess plan. As previously reported, “Termination of a deferred compensation plan falls within the sound business judgment of the trustee. The Trustee submits that the termination of the Plan is a reasonable business decision in light of the…

SunEdison’s official committee of unsecured creditors and BOKF filed with the U.S. Bankruptcy Court separate objections to the Debtors’ motions for approval of (i) settlement agreements among Debtors and Yieldcos and (ii) performance under various agreements in connection with the Yieldco mergers. The committee asserts, “The Creditors’ Committee objects to the Debtors’ proposed settlements with…

Vanguard Natural Resources filed with the U.S. Bankruptcy Court separate emergency motions to continue the April 5, 2017 hearing to consider the Debtors’ Disclosure Statement and financing motion. The Disclosure Statement continuance motion explains, “The Debtors continue to be engaged in discussions to resolve outstanding issues with certain parties in interest. Accordingly, the Debtors request…