Quantcast
Channel: Daily Bankrupt Company Updates | Bankrupt Company News
Viewing all articles
Browse latest Browse all 4593

Energy XXI Objection Filed

0
0

Conyers Dill & Pearman (Conyers), Energy XXI’s U.S. Bankruptcy Court approved special Bermuda counsel, filed with the Court an objection to the official committee of equity security holders’ emergency motion to disqualify the firm and disgorge fees and expenses.

The objection asserts, “The Court should not disqualify Conyers from its representation of the Debtors as special Bermuda counsel because its disclosures are consistent with prevailing law and do not present any disqualifying conflict of interest….The Committee’s effort to suggest that Conyers’ March 2015 opinion expressed opinions on the validity, perfection or priority of liens simply misreads the opinion.”

The objection continues, “Conyers submits that its previously narrow disclosure was based on its interpretation of Bermuda conflicts principles and was not intended nor designed to mislead any parties to this bankruptcy case. Neither disqualification nor disgorgements of fees are warranted given the facts and circumstances of this case, the disclosures nor the scope Conyers’ representation in the matters described in the Supplemental Declaration.”

Read more energy bankruptcy news.

The post Energy XXI Objection Filed appeared first on Daily Bankrupt Company Updates | Bankrupt Company News.


Viewing all articles
Browse latest Browse all 4593

Latest Images

Trending Articles





Latest Images