Seadrill Says Fee Dispute With Parent Sparked Ch. 11
By Rick Archer ( December 4, 2020, 7:46 PM EST) -- Offshore drilling rig operator Seadrill Partners LLP on Friday told a Texas bankruptcy judge that it ended out-of-court restructuring talks over its $2.7 billion debt and filed for Chapter 11 after its parent company swept one of its bank accounts to pay disputed management fees....
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