News 24 Jun. 2021
Curtis successfully defends foreign states' procedural privileges in the UK Supreme Court
more
News 23 Jun. 2021
Ibrahim Elsadig joins Curtis as Partner in Dubai
Client Alert 24 Feb. 2022
EU, UK, Japan and Australia Impose Sanctions on Russia
News 09 Aug. 2021
Curtis, Mallet-Prevost, Colt & Mosle enters into association with Chevalier Law in Singapore.
News 06 May. 2022
Curtis Advises Terna Group on the Sale of its Latin America Power Transmission Assets to CDPQ
Publications 05 May. 2022
Marie-Claire Argac, Simon Batifort, and Cyprien Mathié share highlights from “Affaires d’Etats: Practical Considerations When Defending States in International Arbitration” on Kluwer Arbitration Blog
Event 26 Apr. 2022
Claudia Frutos-Peterson Speaks at CAI Costa Rica’s 13th Congress of International Arbitration
News 21 Apr. 2022
SCOTUS Upholds U.S. Colonialism under the U.S. Constitution
Client Alert 23 Mar. 2022
The Dubai International Arbitration Centre (DIAC) has launched the DIAC Arbitration Rules 2022
Event 22 Nov. 2021
Partner Antonia Birt spoke at ADGMAC and AIAC Webinar Series: Webinar 5 - Disputes in Fintech and Complex Technology in MESEA
News 16 May. 2022
Curtis Files SCOTUS Amicus Brief for Ohio Justice & Policy Center in Prisoners’ Rights Case
News 10 May. 2022
Juan Perla’s Argument in D.C. Circuit Featured on Audio Arguendo Podcast
Client Alert 21 Apr. 2022
New Laws Targeting Assets of Russian Oligarchs: The U.S. Announces Task Force KleptoCapture and the Kleptocracy Asset Recovery Rewards Program
Client Alert 19 Apr. 2022
U.S. President Biden Expands Export Controls Imposed on Russia and Belarus
Client Alert 24 Jun. 2021
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) — U.S. Insight
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.
Corporate
Restructuring and Insolvency
Nancy E. Delaney
Partner
We use cookies on our website to enhance your browsing experience, match your interests and assess our website performance. We do not share information with any third-party for marketing purposes. Please view our privacy policy to learn more about the use of cookies on our website. By continuing to browse our website, you consent to our use of cookies.