News 24 Jun. 2021
Curtis successfully defends foreign states' procedural privileges in the UK Supreme Court
News 23 Jun. 2021
Ibrahim Elsadig joins Curtis as Partner in Dubai
News 09 Aug. 2021
Curtis, Mallet-Prevost, Colt & Mosle enters into association with Chevalier Law in Singapore.
Event 23 Apr. 2021
Partner Borzu Sabahi to speak on Damages, Enforcement and Annulment of Arbitral Awards at Executive Training Program hosted by the Government of India and the Indian Institute of Foreign Trade
Client Alert 18 Oct. 2021
Senior Associate Martin Wolff Discusses Practical Questions with Regard to the German Implementation of the EU Directive on Cross-Border Tax Arrangements (DAC6) in Institutional Money
News 18 Oct. 2021
Jan Krupski Joins Curtis as a Partner in Frankfurt
News 15 Oct. 2021
Claudia Frutos-Peterson and Elisa Botero Ranked Among the Top 100 Female Lawyers in Latin America by Latinvex
News 13 Oct. 2021
Curtis Joins The Appellate Project to Promote Appellate Practice to Diverse Law Students
Client Alert 15 Oct. 2021
Recent change in Dubai’s Arbitration Landscape.
News 20 Sep. 2021
Curtis Successfully Defends the Sultanate of Oman and Oman Aluminium Rolling Company LLC in U.S. Department of Commerce Trade Case
Client Alert 05 Oct. 2021
Proposed Legislative Changes to Federal Estate, Gift and Trust Taxation
Publications 22 Sep. 2021
Client Alert 24 Jun. 2021
U.S. Insight: Update on Virtual Notarization (Executive Order 202.7) During the COVID-19 (Coronavirus) Pandemic (Updated: June 24, 2021)
U.S. Insight: Update on Virtual Witnessing (New York Executive Order 202.14) During The COVID-19 (Coronavirus) Pandemic (Updated: June 24, 2021)
News 05 Oct. 2011
New York, October 5, 2011— Curtis, Mallet-Prevost, Colt & Mosle LLP acted as lead counsel to the Official Committee of Equity Security Holders of North American Petroleum Corporation USA ('NAPCUS') and its affiliates, whose joint Chapter 11 Plan became effective on September 30, 2011. Under the Plan, NAPCUS emerged as a consolidated, reorganized entity.
NAPCUS is a natural gas drilling company which filed for Chapter 11 protection due to a drilling dispute which had substantially interfered with the company's liquidity and its ability to service its debt. Issues raised in the subsequent litigation called into question whether a recovery for shareholders was achievable. Curtis was engaged by a group of shareholders to seek the formation of an official committee in the Chapter 11 cases to protect their interests. Though such committees are rarely appointed, Curtis' efforts proved successful and the Equity Committee, with Curtis as its counsel, was appointed. Thereafter, through a successful collaboration with the Equity Committee, NAPCUS was able to obtain a settlement to this dispute that resulted in a recovery to shareholders that ultimately resulted in confirmation of the Plan.
The Plan was approved by Judge Christopher S. Sontchi of the Bankruptcy Court for the District of Delaware on September 14, 2011. Pursuant to the Plan, the financial affairs of NAPCUS were reorganized, its share capital was restructured, new capital for operations was raised, all claims were satisfied in full or settled and NAPCUS emerged with no debt. In addition, Curtis, on behalf of the Equity Committee, was able to obtain a recovery for the existing equity holders.
The Curtis team representing the Equity Committee in these matters was led by partner Timothy A. Barnes and included associates Peter J. Buenger and James E. Zimmer from the Restructuring and Insolvency group, partner Evan S. Borenstein and counsel Raymond T. Hum from the Corporate group, and partner Nancy E. Delaney from the Litigation group.
Restructuring and Insolvency
Peter Josef Buenger
Nancy E. Delaney