Facing a number of lawsuits against his firm DryShips, Inc., George Economou is also facing a legal challenge at his offshore firm Ocean Rig, Splash247.com reported. New York lawyer Tally Wiener is contesting Ocean Rig’s chapter 15 process. Wiener, who invested in Ocean Rig stock, has filed an objection to the relief Ocean Rig is seeking in the U.S., in aid of its Cayman Islands restructuring proceedings. Ocean Rig’s Cayman liquidators need to prove Ocean Rig and its three affiliates seeking relief in the US in aid of their Cayman proceedings have either a center on main interests (COMI) or establishment in the Cayman Islands. A COMI assessment includes location of principal assets, which Wiener has sought to track down using AIS data to find where Ocean Rig’s fleet of drillships and semi-submersibles have been located since the company filed for bankruptcy protection in late March. Lawyers representing Ocean Rig have dismissed the claims made by Wiener. Read more.
