Debtors.
)
(Jointly Administered)
)
FIFTH MONTHLY FEE STATEMENT OF DELOITTE TAX LLP FOR
COMPENSATION FOR SERVICES RENDERED AS TAX SERVICES PROVIDER TO
THE DEBTORS FOR THE PERIOD
FROM JANUARY 1, 2021 THROUGH JANUARY 31, 2021
1 A complete list of each of the Debtors in these chapter 11 cases may be obtained on the website of the
Debtors’ proposed claims and noticing agent at http://cases.stretto.com/Valaris. The location of Debtor Ensco Incorporated’s principal place of business and the Debtors’ service address in these chapter 11 cases is 5847 San Felipe Street, Suite 3300, Houston, Texas 77057.
Name of Applicant:
Authorized to Provide Professional Services as: Date of Retention:
Period for which Compensation and Reimbursement is Sought: January 1, 2021 through January 31, 2021
Total Amount of Fees Requested: $ 690,111.50
Less 20% Holdback $ (138,022.30)
80% of Compensation Sought as Actual, Reasonable, and Necessary: $ 552,089.20 Amount of Expense Reimbursement Sought $ - Total Amount of Fees and Expense: $ 552,089.20 This is an: X Monthly Interim Final Application
Deloitte Tax LLP
CUMULATIVE TIME SUMMARY BY PROFESSIONAL
For the Period January 1, 2021 through January 31, 2021
TBD 12/01/2020 - 12/31/2020 $ 480,041.50 $ - $ - $ -TOTAL $ 2,068,680.50 $ - $ 721,236.80 $ -6.0 16.0 4.0 26.0 5.5 8.5 17.8 9.7 19.2 0.5 1.0 2.0 54.6 2.3 7.6 128.7
Professional Level Rate Hours Fees
Gutierrez, Dalia Project Controller $250.00 $1,500.00
Preparation of Fee Applications
Tomar, Arzoo Consultant $225.00 $900.00
Tax Advisory Services
Professional Level Rate Fees
Professional Subtotal: $6,000.00
Senior Manager $610.00
Hung, Annie Managing Director $680.00
Senior Consultant $520.00
Halpern, Irwin Managing Director $920.00 $7,820.00
$12,104.00
Kernek, Greg Partner/Principal $680.00 $6,596.00
Gooding, Grant $11,712.00
Chatten, Colin $1,040.00
Ruiz, Keely $23,478.00
Zumot, Thomas Senior Consultant $430.00 $989.00
Senior Consultant $430.00
Hours
Bhandari, Karan Consultant $225.00 $3,600.00
Ceccarelli, Robert Managing Director $920.00 $5,060.00
Gunn, Gregory Senior Manager $610.00 $305.00
Dunn, Alexander Manager $510.00 $510.00
Nichols, Katie Consultant $345.00 $2,622.00
2.0 1.5 15.2 0.8 43.8 39.6 0.8 18.0 41.0 74.5 14.0 2.5 13.9 1.7 1.0 44.3 21.4 0.5 21.0 27.1 1.5 41.5 1.8 21.3 62.2 1.7 57.6 13.1 59.8
Ruiz, Keely Senior Consultant 52.5
31.0
Zumot, Thomas Senior Consultant 18.1
McDermott, Jack Consultant 66.7
Pagaran, Maeshylle Consultant 2.5
Ghribli, Jawel Consultant 19.0
Nichols, Katie Consultant 6.7
935.5 1,090.2
Padilla, Dana Senior Manager $780.00 $16,380.00
Groves, Jason Senior Manager $780.00 $16,692.00
Waddington, Sarah Partner/Principal $920.00 $736.00
$780.00
Fielding, Stephen Senior Manager $780.00 $34,554.00
Sullivan, Brian Managing Director $920.00 $736.00
Tzavelis, Elias Partner/Principal $920.00 $36,432.00
Thomas, Gareth Partner/Principal $920.00 $40,296.00
Rea, Marcus Partner/Principal $920.00 $1,840.00
Robertson, Jason Partner/Principal $920.00 $1,380.00
$520.00
Egel, Ben Senior Consultant $520.00
Senior Manager $780.00 $1,326.00
Chatten, Colin Senior Consultant
Vadapalli, Rupesh Partner/Principal $680.00 $1,700.00
Tucker, Erin Manager $665.00 $41,363.00
Sullivan, Megan Senior Consultant $520.00 $31,096.00
Delaney, Sarah
Eitel, Julia Senior Manager $780.00
Professional Subtotal: $611,875.50
Total $690,111.50
$680.00 $27,880.00
Kernek, Greg Partner/Principal $680.00 $50,660.00
Naidoo, Presh Senior Manager
Schreiber, Mendy Manager $665.00 $14,164.50
Gooding, Grant Senior Manager $610.00 $16,531.00
Al Hashimi, Sam Manager $665.00 $27,597.50
Mansell, Matt Manager $665.00 $1,197.00
$345.00 $430.00 $350.00 $7,783.00 $23,345.00 $6,555.00 $350.00 $875.00
Marker, Denise Managing Director $680.00 $9,520.00
Fabri, Claire Senior Manager $510.00 $765.00
Rothenberg, Robert Managing Director $920.00 $13,984.00
Barth, Amitai Senior Manager $780.00 $10,842.00
Bednarczyk, Christian Partner/Principal $680.00 $12,240.00
$780.00 $390.00
Hung, Annie Managing Director
$345.00 $2,311.50
Skalenko, Olesia Senior Consultant $430.00 $13,330.00
Dunn, Alexander Manager $510.00 $867.00
$22,575.00 $430.00
Gutierrez, Dalia Prepare exhibits for the October 2020 monthly fee application.
$250.00 1.5 $375.00
Gutierrez, Dalia Format October 2020 fee detail in preparation for the monthly fee application.
$250.00 4.0 $1,000.00
01/12/2021
Gutierrez, Dalia Pull November/December 2020 fee detail in preparation for the monthly fee application.
$250.00 0.5 $125.00
01/15/2021
Bhandari, Karan Review fees for Dec-20 for fee application preparation.
$225.00 4.0 $900.00
01/18/2021
Bhandari, Karan Review fees for Dec-20 for fee application preparation.
$225.00 4.0 $900.00
Bhandari, Karan Continue to review fees for Dec-20 for fee application preparation.
$225.00 4.0 $900.00
01/19/2021
Bhandari, Karan Continue to review fees for Dec-20 for fee application preparation.
$225.00 4.0 $900.00
01/22/2021
Tomar, Arzoo Review fees for Nov-Dec 2020 for fee application preparation.
$225.00 4.0 $900.00
Subtotal for Preparation of Fee Applications: 26.0 $6,000.00
Tax Advisory Services
01/04/2021
Hung, Annie Perform dual consolidated loss research and analysis.
$680.00 1.0 $680.00
Zumot, Thomas Transfer pricing research for the management fees.
Zumot, Thomas Continue to review asset purchase agreement (APA) documents for transfer pricing.
$430.00 1.0 $430.00
01/19/2021
Ceccarelli, Robert Review Internal Revenue Service (IRS) Appeals status and preparation for 1/20 conference call regarding same.
$920.00 1.0 $920.00
Gooding, Grant Call with K. Ruiz (Deloitte) to discuss the status of Valaris’s dual
consolidated loss (DCL) files.
$610.00 0.3 $183.00
Hung, Annie Perform dual consolidated loss (DCL) analysis for triggering event.
$680.00 0.5 $340.00
Kernek, Greg Prepare for presentation to Internal Revenue Service (IRS) appeals examiner regarding Rowan's 2009 extraterritorial income (ETI) calculation.
$680.00 4.2 $2,856.00
Ruiz, Keely Call with G. Gooding (Deloitte) regarding the dual consolidated loss (DCL) excel tracker, relevant dual consolidated loss (DCL) rebuttals.
$430.00 1.3 $559.00
Ruiz, Keely Review Ensco's dual consolidated loss workpapers to prepare an explanation work to analyze the dual consolidated losses.
$430.00 1.3 $559.00
Ruiz, Keely Call with G. Gooding (Deloitte) to discuss status of dual consolidated loss (DCL) tracker and support.
$430.00 0.5 $215.00
Ruiz, Keely Call with G. Gooding (Deloitte) to discuss the status of Valaris’s dual consolidated loss (DCL) files.
$430.00 0.3 $129.00
01/20/2021
Ceccarelli, Robert Review correspondence files related to extraterritorial income (ETI) exam and appeal.
$920.00 2.0 $1,840.00
Gooding, Grant Discuss with K. Ruiz (Deloitte) regarding the dual consolidated loss workpapers and analysis.
Hung, Annie Review 2010-2020 dual consolidated loss (DCL) triggering schedules
$680.00 1.0 $680.00
Kernek, Greg Present Internal Revenue Service (IRS) appeals examiner regarding Rowan's Extraterritorial Income (ETI) calculation.
$680.00 1.5 $1,020.00
Ruiz, Keely Research associated with the DCL workpapers.
$430.00 2.1 $903.00
Ruiz, Keely Work on Ensco dual consolidated loss workpaper adjustments.
$430.00 3.1 $1,333.00 Ruiz, Keely Discuss with G. Gooding (Deloitte)
regarding the dual consolidated loss workpapers and analysis.
$430.00 1.4 $602.00
Ruiz, Keely Correspond with A. Hung and G. Gooding (Deloitte) regarding dual consolidated loss (DCL).
$430.00 0.3 $129.00
01/21/2021
Chatten, Colin Review litigation risk memorandum and other materials related to certain 2019 transactions.
$520.00 2.0 $1,040.00
Gooding, Grant Call with A. Hung, A. Halpern, K. Ruiz (Deloitte) to discuss the dual
consolidated loss (DCL) analysis for Ensco.
$610.00 0.5 $305.00
Gooding, Grant Call with I. Halpern, K. Ruiz (Deloitte) to discuss the dual consolidated loss (DCL) analysis for ENSCO.
$610.00 1.2 $732.00
Halpern, Irwin Call with A. Hung, G. Gooding, K. Ruiz (Deloitte) to discuss the dual
consolidated loss (DCL) analysis for Ensco.
$920.00 0.5 $460.00
Halpern, Irwin Call with G. Gooding, K. Ruiz (Deloitte) to discuss the dual consolidated loss (DCL) analysis for ENSCO.
$920.00 1.2 $1,104.00
Hung, Annie Call with A. Halpern, G. Gooding, K. Ruiz (Deloitte) to discuss the dual consolidated loss (DCL) analysis for Ensco.
$680.00 0.5 $340.00
Ruiz, Keely Update Ensco's dual consolidated loss analysis workpapers.
$430.00 1.7 $731.00
Ruiz, Keely Call with I. Halpern, A. Hung, G. Gooding (Deloitte) to discuss the dual consolidated loss (DCL) analysis for Ensco.
$430.00 0.5 $215.00
Ruiz, Keely Call with I. Halpern, G. Gooding (Deloitte) to discuss the dual
consolidated loss (DCL) analysis for ENSCO.
$430.00 1.2 $516.00
Ruiz, Keely Draft how the dual consolidated rules are applied to Ensco's fact pattern.
$430.00 2.1 $903.00
Ruiz, Keely Research technical questions related to the dual consolidated loss rules.
$430.00 1.3 $559.00
01/22/2021
Dunn, Alexander Call with I. Halpern, A. Hung, K. Nichols, K. Ruiz, G. Gooding (Deloitte) to regroup on the discussion of the dual consolidated loss (DCL) analysis workpapers.
$510.00 1.0 $510.00
Gooding, Grant Call with G. Kernek, K. Nichols, K. Ruiz, A. Hung, G. Gooding (Deloitte) to discuss dual consolidated loss (DCL) analysis workpapers.
$610.00 1.0 $610.00
Halpern, Irwin Call with A. Dunn, A. Hung, K. Nichols, K. Ruiz, G. Gooding (Deloitte)
regarding the discussion of the dual consolidated loss (DCL) analysis workpapers.
$920.00 1.0 $920.00
Hung, Annie Preparing workpaper access letter. $680.00 0.2 $136.00 Hung, Annie Call with G. Kernek, K. Nichols, K.
Ruiz, G. Gooding (Deloitte) to discuss dual consolidated loss (DCL) analysis workpapers.
Hung, Annie Call with A. Dunn, I. Halpern, K. Nichols, K. Ruiz, G. Gooding (Deloitte) regarding the discussion of the dual consolidated loss (DCL) analysis workpapers.
$680.00 1.0 $680.00
Kernek, Greg Call with A. Hung, K. Nichols, K. Ruiz, G. Gooding (Deloitte) to discuss dual consolidated loss (DCL) analysis workpapers.
$680.00 1.0 $680.00
Nichols, Katie Call with A. Dunn, I. Halpern, A. Hung, K. Ruiz, G. Gooding (Deloitte)
regarding the discussion of the dual consolidated loss (DCL) analysis workpapers.
$345.00 1.0 $345.00
Nichols, Katie Call with A. Hung, G. Kernek, K. Ruiz, G. Gooding (Deloitte) to discuss dual consolidated loss (DCL) analysis workpapers.
$345.00 1.0 $345.00
Ruiz, Keely Call with A. Dunn, I. Halpern, A. Hung, K. Nichols, G. Gooding (Deloitte) regarding the discussion of the dual consolidated loss (DCL) analysis workpapers.
$430.00 1.0 $430.00
Ruiz, Keely Call with A. Hung, G. Kernek, K. Nichols, G. Gooding (Deloitte) to discuss dual consolidated loss (DCL) analysis workpapers.
$430.00 1.0 $430.00
Ruiz, Keely Research ENSCO dual consolidated loss excel workpapers.
$430.00 2.4 $1,032.00 01/25/2021
Ceccarelli, Robert Review correspondence files related to Extra-territorial income exam and appeal.
$920.00 1.0 $920.00
Ceccarelli, Robert Correspond with G. Kernek and R. Vadapalli (Deloitte) regarding Extra-territorial income exam and appeal.
Gooding, Grant Call with C. Messina (Valaris), A. Hung, K. Ruiz (Deloitte) to discuss the dual consolidated loss (DCL) analysis and provided by client (PBC) needed in order to reconcile taxable income amounts of members.
$610.00 0.9 $549.00
Gooding, Grant Research dual consolidated loss (DCL) recapture exception and review of 2010-2019 calculations.
$610.00 3.6 $2,196.00
Gooding, Grant Call with A. Hung, K. Ruiz, I. Halpern (Deloitte) regarding Ensco’s dual consolidated loss (DCL) technical analysis.
$610.00 1.1 $671.00
Halpern, Irwin Call with A. Hung, K. Ruiz, G. Gooding (Deloitte) regarding Ensco’s dual consolidated loss (DCL) technical analysis.
$920.00 1.1 $1,012.00
Halpern, Irwin Research/analysis of dual consolidated loss (DCL) technical analysis Separate return limitation year (SRLY) rebuttal.
$920.00 1.6 $1,472.00
Hung, Annie Call with C. Messina (Valaris), G. Gooding, K. Ruiz (Deloitte) to discuss the dual consolidated loss (DCL) analysis and provided by client (PBC) needed in order to reconcile taxable income amounts of members.
$680.00 0.9 $612.00
Hung, Annie Prepare for upcoming call with C. Messina (Valaris), G. Gooding, K. Ruiz (Deloitte) to discuss the dual
consolidated loss (DCL) analysis and provided by client (PBC) needed in order to reconcile taxable income amounts of members.
$680.00 0.1 $68.00
Hung, Annie Call with I. Halpern, K. Ruiz, G. Gooding (Deloitte) regarding Ensco’s dual consolidated loss (DCL) technical analysis.
Ruiz, Keely Call with C. Messina (Valaris), A. Hung, G. Gooding (Deloitte) to discuss the dual consolidated loss (DCL) analysis provided by client (PBC) needed in order to reconcile taxable income amounts of members.
$430.00 0.9 $387.00
Ruiz, Keely Call with I. Halpern, A. Hung, G. Gooding (Deloitte) regarding Ensco’s dual consolidated loss (DCL) technical analysis.
$430.00 1.1 $473.00
Ruiz, Keely Analyze the dual consolidated loss (DCL) analysis workpapers.
$430.00 2.6 $1,118.00 Ruiz, Keely Research separate return limitation
year (SRLY) and consolidated net operating loss (CNOL) rebuttals that may be available to reduce Ensco's DCL recapture.
$430.00 3.4 $1,462.00
01/26/2021
Gooding, Grant Research dual consolidated loss (DCL) - net operating loss (NOL) recapture exception and application to 2020 NOL.
$610.00 2.9 $1,769.00
Gooding, Grant Call with A. Hung, G. Kernek, K. Nichols, K. Ruiz (Deloitte) regarding dual consolidated loss (DCL) analysis workpapers and the application of the consolidated net operating loss (CNOL) rebuttal.
$610.00 1.3 $793.00
Gooding, Grant Call with I. Halpern, A. Hung, G. Kernek, K. Nichols, K. Ruiz (Deloitte) regarding dual consolidated loss (DCL) analysis workpapers and associated technical issues.
$610.00 0.6 $366.00
Gunn, Gregory Provide advice for Valaris PLC related to pension funding and tax liability.
Halpern, Irwin Call with A. Hung, G. Kernek, K. Nichols, K. Ruiz, G. Gooding (Deloitte) to discuss the potential interest charge applied to Ensco’s dual consolidated loss (DCL) rebuttal amounts and the application of the interest charge rebuttal.
$920.00 0.3 $276.00
Halpern, Irwin Call with G. Gooding, A. Hung, G. Kernek, K. Nichols, K. Ruiz (Deloitte) regarding dual consolidated loss (DCL) analysis workpapers and associated technical issues.
$920.00 0.6 $552.00
Hung, Annie Call with G. Gooding, I. Halpern, G. Kernek, K. Nichols, K. Ruiz (Deloitte) regarding dual consolidated loss (DCL) analysis workpapers and associated technical issues.
$680.00 0.6 $408.00
Hung, Annie Call with G. Gooding, G. Kernek, K. Nichols, K. Ruiz (Deloitte) regarding dual consolidated loss (DCL) analysis workpapers and the application of the consolidated net operating loss (CNOL) rebuttal.
$680.00 1.3 $884.00
Hung, Annie Review dual consolidated loss (DCL) schedules for tax return.
$680.00 1.0 $680.00
Kernek, Greg Call with G. Gooding, I. Halpern, A. Hung, K. Nichols, K. Ruiz (Deloitte) regarding dual consolidated loss (DCL) analysis workpapers and associated technical issues.
$680.00 0.6 $408.00
Kernek, Greg Call with G. Gooding, A. Hung, K. Nichols, K. Ruiz (Deloitte) regarding dual consolidated loss (DCL) analysis workpapers and the application of the consolidated net operating loss (CNOL) rebuttal.
Kernek, Greg Call with G. Gooding, A. Hung, K. Nichols, K. Ruiz, I. Halpern (Deloitte) to discuss the potential interest charge applied to Ensco’s dual consolidated loss (DCL) rebuttal amounts and the application of the interest charge rebuttal.
$680.00 0.3 $204.00
Nichols, Katie Call with G. Gooding, A. Hung, G. Kernek, K. Ruiz, I. Halpern (Deloitte) to discuss the potential interest charge applied to Ensco’s dual consolidated loss (DCL) rebuttal amounts and the application of the interest charge rebuttal.
$345.00 0.3 $103.50
Nichols, Katie Call with G. Gooding, I. Halpern, A. Hung, G. Kernek, K. Ruiz (Deloitte) regarding dual consolidated loss (DCL) analysis workpapers and associated technical issues.
$345.00 0.6 $207.00
Nichols, Katie Call with G. Gooding, A. Hung, G. Kernek, K. Ruiz (Deloitte) regarding dual consolidated loss (DCL) analysis workpapers and the application of the consolidated net operating loss (CNOL) rebuttal.
$345.00 1.3 $448.50
Ruiz, Keely Call with G. Gooding, I. Halpern, A. Hung, G. Kernek, K. Nichols (Deloitte) regarding dual consolidated loss (DCL) analysis workpapers and associated technical issues.
$430.00 0.6 $258.00
Ruiz, Keely Call with G. Gooding, A. Hung, G. Kernek, K. Nichols, I. Halpern (Deloitte) to discuss the potential interest charge applied to Ensco’s dual consolidated loss (DCL) rebuttal amounts and the application of the interest charge rebuttal.
Ruiz, Keely Call with G. Gooding, A. Hung, G. Kernek, K. Nichols (Deloitte) regarding dual consolidated loss (DCL) analysis workpapers and the application of the consolidated net operating loss (CNOL) rebuttal.
$430.00 1.3 $559.00
Ruiz, Keely Research dual consolidated losses and applying the technical analysis to ENSCO's fact pattern.
$430.00 2.3 $989.00
Ruiz, Keely Analyze Ensco dual consolidated loss (DCL) and update the dual
consolidated loss workpapers.
$430.00 3.6 $1,548.00
01/27/2021
Gooding, Grant Call with I. Halpern, A. Hung, K. Nichols, K. Ruiz (Deloitte) to discuss dual consolidated loss (DCL)
workpapers for Ensco and open items related to the DCL recapture amounts.
$610.00 0.8 $488.00
Gooding, Grant Call with C. Ochoa, S. Martin, C. Messina (Valaris), A. Hung, G. Kernek, K. Nichols, K. Ruiz (Deloitte) to discuss dual consolidated loss (DCL)
calculation and the resulting implications.
$610.00 0.8 $488.00
Gooding, Grant Call with A. Hung, K. Nichols, K. Ruiz (Deloitte) to review the interest charge calculation relating to the dual
consolidated loss (DCL) workpapers.
$610.00 0.8 $488.00
Gooding, Grant Call with I. Halpern K. Ruiz (Deloitte) to review Ensco’s dual consolidated loss (DCL) analysis workpapers and application of consolidated net operating loss (CNOL) rebuttal.
$610.00 0.8 $488.00
Halpern, Irwin Call with G. Gooding, A. Hung, K. Nichols, K. Ruiz (Deloitte) to discuss dual consolidated loss (DCL)
workpapers for Ensco and open items related to the DCL recapture amounts.
Halpern, Irwin Call with G. Gooding, K. Ruiz (Deloitte) to review Ensco’s dual consolidated loss (DCL) analysis workpapers and application of consolidated net operating loss (CNOL) rebuttal.
$920.00 0.8 $736.00
Halpern, Irwin Analyze dual consolidated loss (DCL) including reply to G. Gooding email (Deloitte) with respect to application of the consolidated net operating loss (CNOL) rebuttal.
$920.00 0.6 $552.00
Hung, Annie Research dual consolidated loss (DCL) technical issue for separate return limitation year (SRLY) and foreign use rebuttal.
$680.00 1.5 $1,020.00
Hung, Annie Call with G. Gooding, K. Nichols, K. Ruiz (Deloitte) to review the interest charge calculation relating to the dual consolidated loss (DCL) workpapers.
$680.00 0.8 $544.00
Hung, Annie Call with C. Ochoa, S. Martin, C. Messina (Valaris), G. Gooding, G. Kernek, K. Nichols, K. Ruiz (Deloitte) to discuss dual consolidated loss (DCL) calculation and the resulting implications.
$680.00 0.8 $544.00
Hung, Annie Call with G. Gooding, I. Halpern, K. Nichols, K. Ruiz (Deloitte) to discuss dual consolidated loss (DCL)
workpapers for Ensco and open items related to the DCL recapture amounts.
$680.00 0.8 $544.00
Kernek, Greg Call with C. Ochoa, S. Martin, C. Messina (Valaris), G. Gooding, A. Hung, K. Nichols, K. Ruiz (Deloitte) to discuss dual consolidated loss (DCL) calculation and the resulting
implications.
$680.00 0.8 $544.00
Nichols, Katie Call with G. Gooding, A. Hung, K. Ruiz (Deloitte) to review the interest charge
Nichols, Katie Call with C. Ochoa, S. Martin, C. Messina (Valaris), G. Gooding, A. Hung, G. Kernek, K. Ruiz (Deloitte) to discuss dual consolidated loss (DCL) calculation and the resulting
implications.
$345.00 0.8 $276.00
Nichols, Katie Call with G. Gooding, I. Halpern, A. Hung, K. Ruiz (Deloitte) to discuss dual consolidated loss (DCL) workpapers for Ensco and open items related to the DCL recapture amounts.
$345.00 0.8 $276.00
Ruiz, Keely Call with G. Gooding, A. Hung, K. Nichols (Deloitte) to review the interest charge calculation relating to the dual consolidated loss (DCL) workpapers.
$430.00 0.8 $344.00
Ruiz, Keely Update the dual consolidated loss (DCL) analysis and associated workpapers.
$430.00 3.2 $1,376.00
Ruiz, Keely Call with C. Ochoa, S. Martin, C. Messina (Valaris), G. Gooding, A. Hung, G. Kernek, K. Nichols (Deloitte) to discuss dual consolidated loss (DCL) calculation and the resulting implications.
$430.00 0.8 $344.00
Ruiz, Keely Call with I. Halpern, G. Gooding (Deloitte) to review Ensco’s dual consolidated loss (DCL) analysis workpapers and application of consolidated net operating loss (CNOL) rebuttal.
$430.00 0.8 $344.00
Ruiz, Keely Call with G. Gooding, I. Halpern, A. Hung, K. Nichols (Deloitte) to discuss dual consolidated loss (DCL)
workpapers for Ensco and open items related to the DCL recapture amounts.
$430.00 0.8 $344.00
01/28/2021
Gooding, Grant Call with K. Ruiz (Deloitte) to discuss 2020 dual consolidated loss (DCL) amounts.
Nichols, Katie Update the dual consolidated loss (DCL) workpapers to include 2020 amounts.
$345.00 0.5 $172.50
Ruiz, Keely Update dual consolidated loss (DCL) workpapers and analysis for the 2020 DCL amounts by separate unit.
$430.00 3.8 $1,634.00
Ruiz, Keely Call with G. Gooding (Deloitte) to discuss 2020 dual consolidated loss (DCL) amounts.
$430.00 0.7 $301.00
01/29/2021
Ceccarelli, Robert Prepare for upcoming call with client to discuss status of extraterritorial income (ETI) appeals case.
$920.00 0.5 $460.00
Gooding, Grant Call with C. Messina (Valaris), A. Hung, K. Nichols, K. Ruiz (Deloitte) to discuss the dual consolidated loss (DCL) amounts.
$610.00 0.5 $305.00
Hung, Annie Review dual consolidated loss (DCL) schedule for tax reporting.
$680.00 1.0 $680.00
Hung, Annie Follow-up on dual consolidated loss (DCL) technical questions with I. Halpern (Deloitte).
$680.00 0.7 $476.00
Hung, Annie Call with C. Messina (Valaris), G. Gooding, K. Nichols, K. Ruiz (Deloitte) to discuss the dual consolidated loss (DCL) amounts.
$680.00 0.5 $340.00
Nichols, Katie Call with C. Messina (Valaris), G. Gooding, A. Hung, K. Ruiz (Deloitte) to discuss the dual consolidated loss (DCL) amounts.
$345.00 0.5 $172.50
Ruiz, Keely Continue to update dual consolidated loss (DCL) workpapers for the 2020 DCL amounts/analysis.
$430.00 2.5 $1,075.00
Ruiz, Keely Update dual consolidated loss (DCL) workpapers for the 2020 DCL
Ruiz, Keely Call with C. Messina (Valaris), G. Gooding, A. Hung, K. Nichols (Deloitte) to discuss the dual consolidated loss (DCL) amounts.
$430.00 0.5 $215.00
Subtotal for Tax Advisory Services: 128.7 $72,236.00
Tax Restructuring Services
01/04/2021
Al Hashimi, Sam Review correspondence on Project Phoenix from December 18, 2020 to January 3, 2021 in order to get up to date
$665.00 2.3 $1,529.50
Boulos, Ala'a Meeting with C. Chatten, S. Fielding, J. Forrest, J. McDermott, M. Schreiber, E. Tucker, E. Tzavelis (Deloitte) to review the Ensco, Pride, Atwood group intercompany unwind steps.
$920.00 1.5 $1,380.00
Boulos, Ala'a Review proposed intercompany settlement slide deck to identify tax implications.
$920.00 2.1 $1,932.00
Chadwick, Helen Review amendments to the emergence steps plan to confirm UK tax analysis is appropriately reflected.
$920.00 0.6 $552.00
Chatten, Colin Call with J. McDermott (Deloitte) to discuss the status of the US federal income tax model.
$520.00 0.8 $416.00
Chatten, Colin Call with S. Fielding, J. McDermott, E. Tzavelis (Deloitte) regarding the go-forward US federal tax position of the company’s US business.
$520.00 0.9 $468.00
Chatten, Colin Meeting with A. Boulos, S. Fielding, J. Forrest, J. McDermott, M. Schreiber, E. Tucker, E. Tzavelis (Deloitte) to review the Ensco, Pride, Atwood group intercompany unwind steps.
Delaney, Sarah Weekly advisor call to discuss bankruptcy status with C. Osbourne, M. Lane (S&M); L. Morgan (K&E); E. Tzavelis and 12 others (Deloitte)
$780.00 0.2 $156.00
Delaney, Sarah Consider stamp duty implications of Project Phoenix emergence structuring
$780.00 0.7 $546.00
Egel, Ben Discuss with D. Padilla, M. Sullivan, E. Tucker (Deloitte) regarding updates to tax basis balance sheets for
intercompany eliminations and 12/28/2020 partnership and gain recognition agreement (GRA) transaction.
$520.00 1.5 $780.00
Fielding, Stephen Update 2020 US business realignment slides for transaction agreement dates.
$780.00 0.6 $468.00
Fielding, Stephen Call with C. Chatten, J. McDermott, E. Tzavelis (Deloitte) regarding the go-forward US federal tax position of the company’s US business.
$780.00 0.9 $702.00
Fielding, Stephen Meeting with A. Boulos, C. Chatten, J. Forrest, J. McDermott, M. Schreiber, E. Tucker, E. Tzavelis (Deloitte) to review the Ensco, Pride, Atwood group intercompany unwind steps.
$780.00 1.5 $1,170.00
Forrest, Jonathan Meeting with A. Boulos, C. Chatten, S. Fielding, J. McDermott, M. Schreiber, E. Tucker, E. Tzavelis (Deloitte) to review the Ensco, Pride, Atwood group intercompany unwind steps.
$920.00 1.3 $1,196.00
Gooding, Grant Call with T. Zumot, K. Ruiz (Deloitte) to discuss status of the Rowan debt restructuring deck.
$610.00 0.3 $183.00
Groves, Jason Emails to M. Lane, E. Couzens (Slaughter & May) in respect of transfer of non-share assets from Valaris plc to Ensco Global Ltd.
Kernek, Greg Review intercompany settlement slides.
$680.00 3.8 $2,584.00 McDermott, Jack Meeting with A. Boulos, C. Chatten, S.
Fielding, J. Forrest, M. Schreiber, E. Tucker, E. Tzavelis (Deloitte) to review the Ensco, Pride, Atwood group intercompany unwind steps.
$350.00 1.5 $525.00
McDermott, Jack Call with C. Chatten, S. Fielding, E. Tzavelis (Deloitte) regarding the go-forward US federal tax position of the company’s US business.
$350.00 0.9 $315.00
McDermott, Jack Call with C. Chatten (Deloitte) to discuss the status of the US federal income tax model.
$350.00 0.8 $280.00
McDermott, Jack Update the US federal income tax model.
$350.00 1.2 $420.00
Padilla, Dana Review tax basis balance sheet revisions for intercompany account updates.
$780.00 2.7 $2,106.00
Padilla, Dana Discuss with B. Egel, M. Sullivan, E. Tucker (Deloitte) regarding updates to tax basis balance sheets for
intercompany eliminations and 12/28/2020 partnership and gain recognition agreement (GRA) transaction.
$780.00 1.5 $1,170.00
Pagaran, Maeshylle Draft UK SSE analysis for inclusion in Project Phoenix emergence structuring deck
$350.00 2.5 $875.00
Ruiz, Keely Call with G. Gooding, T. Zumot (Deloitte) to discuss status of the Rowan Debt Restructuring deck.
$430.00 0.3 $129.00
Ruiz, Keely Update the Rowan excel step tracker that corresponds to the Rowan slide deck.
$430.00 1.7 $731.00
Ruiz, Keely Update the Rowan debt restructuring slide deck.
Schreiber, Mendy Meeting with A. Boulos, C. Chatten, S. Fielding, J. Forrest, J. McDermott, E. Tucker, E. Tzavelis (Deloitte) to review the Ensco, Pride, Atwood group intercompany unwind steps.
$665.00 1.5 $997.50
Sullivan, Megan Discuss with B. Egel, D. Padilla, E. Tucker (Deloitte) regarding updates to tax basis balance sheets for
intercompany eliminations and 12/28/2020 partnership and gain recognition agreement (GRA) transaction.
$520.00 1.5 $780.00
Sullivan, Megan Update tax basis balance sheets for intercompany eliminations and 12/28/2020 partnership and GRA transaction.
$520.00 0.5 $260.00
Thomas, Gareth Review email correspondence/reply to emails on Project Phoenix
workstreams.
$920.00 3.6 $3,312.00
Tucker, Erin Compute IRC Section 382(l)(4) limitation under Treasury Regulation. 1.382-9(k)(5) and 1.382-9(l)(5), related to 382 corporation in chapter 11 .
$665.00 2.1 $1,396.50
Tucker, Erin Compute IRC Section 382, limitation on net operating loss carryforwards, net unrealized built-in gain/(loss) based upon updated tax basis balance sheets.
$665.00 2.6 $1,729.00
Tucker, Erin Discuss with B. Egel, D. Padilla, M. Sullivan (Deloitte) regarding updates to tax basis balance sheets for
intercompany eliminations and 12/28/2020 partnership and gain recognition agreement (GRA) transaction.
$665.00 1.5 $997.50
Tucker, Erin Meeting with A. Boulos, C. Chatten, S. Fielding, J. Forrest, J. McDermott, M.
Tucker, Erin Review updated IRC Section 382, limitation on net operating loss carryforwards, net unrealized built-in gain/(loss) based upon updated tax basis balance sheets.
$665.00 0.9 $598.50
Tzavelis, Elias Call with C. Chatten, S. Fielding, J. McDermott, (Deloitte) regarding the go-forward US federal tax position of the company’s US business.
$920.00 0.9 $828.00
Tzavelis, Elias Meeting with A. Boulos, C. Chatten, S. Fielding, J. Forrest, J. McDermott, M. Schreiber, E. Tucker, (Deloitte) to review the Ensco, Pride, Atwood group intercompany unwind steps.
$920.00 1.5 $1,380.00
Zumot, Thomas Prepare for upcoming call with G. Gooding and K. Ruiz (Deloitte) to discuss status of the Rowan debt restructuring deck.
$430.00 0.1 $43.00
Zumot, Thomas Call with G. Gooding and K. Ruiz (Deloitte) to discuss status of the Rowan debt restructuring deck.
$430.00 0.3 $129.00
Zumot, Thomas Review the Rowan debt extinguishment deck.
$430.00 2.0 $860.00
01/05/2021
Al Hashimi, Sam Weekly advisor call to discuss
bankruptcy status with C. Osborne, M. Lane (S&M); L. Morgan (K&E);
E.Tzavelis and 12 others (Deloitte)
$665.00 0.2 $133.00
Al Hashimi, Sam Call with H. Chadwick, G. Thomas, J. Groves (Deloitte) to discuss UK emergence structuring and associated UK tax considerations.
$665.00 0.6 $399.00
Boulos, Ala'a Meeting with C. Chatten, S. Fielding, G. Gooding, A. Hung, G. Kernek, J. McDermott, M. Schreiber, E. Tucker, E. Tzavelis, T. Zumot (Deloitte) to analyze the company’s future US federal tax position.
Chadwick, Helen Weekly advisor call to discuss bankruptcy status with C. Osbourne, M. Lane (S&M); L. Morgan (K&E); E. Tzavelis and 11 others (Deloitte)
$920.00 0.2 $184.00
Chadwick, Helen Call with G. Thomas, J. Groves, and S. Al-Hashimi (Deloitte) to discuss UK emergence structuring and associated UK tax considerations.
$920.00 0.6 $552.00
Chadwick, Helen Review SSE analysis in relation to certain scenarios
$920.00 0.8 $736.00
Chatten, Colin Meeting with A. Boulos, S. Fielding, G. Gooding, A. Hung, G. Kernek, J. McDermott, M. Schreiber, E. Tucker, E. Tzavelis, T. Zumot (Deloitte) to analyze the company’s future US federal tax position.
$520.00 1.1 $572.00
Chatten, Colin Discuss bankruptcy status with C. Osbourne, M. Lane (S&M), L. Morgan (K&E), S. Fielding, J. Forrest, J. Groves, A. Hung, J. McDermott, M. Schreiber, E. Tucker, E. Tzavelis, T. Zumot (Deloitte).
$520.00 0.2 $104.00
Egel, Ben Draft email to E. Tucker (Deloitte) regarding IRC section 382, net
operating loss carryforward rules, base limit, non-business asset test, net unrealized built-in loss, realized built in loss calculations.
$520.00 0.5 $260.00
Egel, Ben Discuss with D. Padilla, M. Sullivan, E. Tucker (Deloitte) regarding updates to tax basis balance sheets for
intercompany note details.
$520.00 0.7 $364.00
Fielding, Stephen Meeting with A. Boulos, C. Chatten, G. Gooding, A. Hung, G. Kernek, J. McDermott, M. Schreiber, E. Tucker, E. Tzavelis, T. Zumot (Deloitte) to analyze the company’s future US
Fielding, Stephen Discuss bankruptcy status with C. Osbourne, M. Lane (S&M), L. Morgan (K&E), C. Chatten, J. Forrest, J. Groves, A. Hung, J. McDermott, M. Schreiber, E. Tucker, E. Tzavelis, T. Zumot (Deloitte).
$780.00 0.2 $156.00
Forrest, Jonathan Call with M. Schreiber (Deloitte) to review intercompany debt cleanup slides.
$920.00 1.6 $1,472.00
Forrest, Jonathan Discuss bankruptcy status with C. Osbourne, M. Lane (S&M), L. Morgan (K&E), C. Chatten, S. Fielding, J. Groves, A. Hung, J. McDermott, M. Schreiber, E. Tucker, E. Tzavelis, T. Zumot (Deloitte).
$920.00 0.2 $184.00
Ghribli, Jawel Prepare Luxemborug direct tax
comments on the slides "Phase IV-VIII Post-Merger Realignment of Rig Operations and Consolidation of Intercompany Notes"
$345.00 6.0 $2,070.00
Gooding, Grant Meeting with A. Boulos, C. Chatten, S. Fielding, A. Hung, G. Kernek, J. McDermott, M. Schreiber, E. Tucker, E. Tzavelis, T. Zumot (Deloitte) to analyze the company’s future US federal tax position.
$610.00 1.1 $671.00
Groves, Jason Discuss bankruptcy status with C. Osbourne, M. Lane (S&M), L. Morgan (K&E), C. Chatten, S. Fielding, J. Forrest, A. Hung, J. McDermott, M. Schreiber, E. Tucker, E. Tzavelis, T. Zumot (Deloitte).
$780.00 0.2 $156.00
Groves, Jason Draft email to H. Chadwick, G. Thomas, S. Al-Hashimi (Deloitte) regarding UK emergence structuring and associated UK tax considerations.
$780.00 0.6 $468.00
Hung, Annie Discuss bankruptcy status with C. Osbourne, M. Lane (S&M), L. Morgan (K&E), C. Chatten, S. Fielding, J. Forrest, J. Groves, J. McDermott, M. Schreiber, E. Tucker, E. Tzavelis, T.
Hung, Annie Meeting with A. Boulos, C. Chatten, S. Fielding, G. Gooding, G. Kernek, J. McDermott, M. Schreiber, E. Tucker, E. Tzavelis, T. Zumot (Deloitte) to analyze the company’s future US federal tax position.
$680.00 1.1 $748.00
Kernek, Greg Meeting with A. Boulos, C. Chatten, S. Fielding, G. Gooding, A. Hung, J. McDermott, M. Schreiber, E. Tucker, E. Tzavelis, T. Zumot (Deloitte) to analyze the company’s future US federal tax position.
$680.00 1.1 $748.00
McDermott, Jack Discuss bankruptcy status with C. Osbourne, M. Lane (S&M), L. Morgan (K&E), C. Chatten, S. Fielding, J. Forrest, J. Groves, A. Hung, M. Schreiber, E. Tucker, E. Tzavelis, T. Zumot (Deloitte).
$350.00 0.2 $70.00
McDermott, Jack Meeting with A. Boulos, C. Chatten, S. Fielding, G. Gooding, A. Hung, G. Kernek, M. Schreiber, E. Tucker, E. Tzavelis, T. Zumot (Deloitte) to analyze the company’s future US federal tax position.
$350.00 1.1 $385.00
Padilla, Dana Discuss with B. Egel, M. Sullivan, E. Tucker (Deloitte) regarding updates to tax basis balance sheets for
intercompany note details.
$780.00 0.7 $546.00
Ruiz, Keely Review Rowan debt restructuring deck. $430.00 1.1 $473.00 Schreiber, Mendy Meeting with A. Boulos, C. Chatten, S.
Fielding, G. Gooding, A. Hung, G. Kernek, J. McDermott, E. Tucker, E. Tzavelis, T. Zumot (Deloitte) to analyze the company’s future US federal tax position.
$665.00 1.1 $731.50
Schreiber, Mendy Call with J. Forrest (Deloitte) to review intercompany debt cleanup slides.
Schreiber, Mendy Discuss bankruptcy status with C. Osbourne, M. Lane (S&M), L. Morgan (K&E), C. Chatten, S. Fielding, J. Forrest, J. Groves, A. Hung, J. McDermott, E. Tucker, E. Tzavelis, T. Zumot (Deloitte).
$665.00 0.2 $133.00
Sullivan, Megan Update tax basis balance sheets for specific intercompany note details.
$520.00 4.1 $2,132.00 Sullivan, Megan Update tax basis balance sheets for
intercompany note eliminations and reclass adjustments.
$520.00 3.9 $2,028.00
Sullivan, Megan Discuss with B. Egel, D. Padilla, E. Tucker (Deloitte) regarding updates to tax basis balance sheets for
intercompany note details.
$520.00 0.7 $364.00
Thomas, Gareth Consider UK SSE implications and UK tax implications of asset transfers as part of Phoenix restructuring.
$920.00 2.3 $2,116.00
Thomas, Gareth Weekly advisor call to discuss bankruptcy status with C. Osbourne, M. Lane (S&M); L. Morgan (K&E); E. Tzavelis and 12 others (Deloitte)
$920.00 0.2 $184.00
Thomas, Gareth Call with H. Chadwick, J. Groves, and S. Al-Hashimi (Deloitte) to discuss UK emergence structuring and associated UK tax considerations.
$920.00 0.6 $552.00
Tucker, Erin Continue to review tax basis balance sheet for updates to intercompany accounts.
$665.00 2.9 $1,928.50
Tucker, Erin Review tax basis balance sheet for updates to intercompany accounts.
$665.00 2.9 $1,928.50 Tucker, Erin Review IRC section 382, limitation on
net operating loss carryforwards, net unrealized built-in gain/loss
computation for updates to intercompany accounts.
$665.00 2.9 $1,928.50
Tucker, Erin Discuss with B. Egel, D. Padilla, M. Sullivan (Deloitte) regarding updates to tax basis balance sheets for
intercompany note details.
Tucker, Erin Meeting with A. Boulos, C. Chatten, S. Fielding, G. Gooding, A. Hung, G. Kernek, J. McDermott, M. Schreiber, E. Tzavelis, T. Zumot (Deloitte) to analyze the company’s future US federal tax position.
$665.00 1.1 $731.50
Tucker, Erin Discuss bankruptcy status with C. Osbourne, M. Lane (S&M), L. Morgan (K&E), C. Chatten, S. Fielding, J. Forrest, J. Groves, A. Hung, J.
McDermott, M. Schreiber, E. Tzavelis, T. Zumot (Deloitte).
$665.00 0.2 $133.00
Tzavelis, Elias Review intercompany settlement slides.
$920.00 1.2 $1,104.00 Tzavelis, Elias Meeting with A. Boulos, C. Chatten, S.
Fielding, G. Gooding, A. Hung, G. Kernek, J. McDermott, M. Schreiber, E. Tucker, T. Zumot (Deloitte) to analyze the company’s future US federal tax position.
$920.00 1.1 $1,012.00
Tzavelis, Elias Discuss bankruptcy status with C. Osbourne, M. Lane (S&M), L. Morgan (K&E), C. Chatten, S. Fielding, J. Forrest, J. Groves, A. Hung, J.
McDermott, M. Schreiber, E. Tucker, T. Zumot (Deloitte).
$920.00 0.2 $184.00
Zumot, Thomas Discuss bankruptcy status with C. Osbourne, M. Lane (S&M), L. Morgan (K&E), C. Chatten, S. Fielding, J. Forrest, J. Groves, A. Hung, J. McDermott, M. Schreiber, E. Tucker, E. Tzavelis (Deloitte).
$430.00 0.2 $86.00
Zumot, Thomas Meeting with A. Boulos, C. Chatten, S. Fielding, G. Gooding, A. Hung, G. Kernek, J. McDermott, M. Schreiber, E. Tucker, E. Tzavelis (Deloitte) to
analyze the company’s future US
Boulos, Ala'a Call with S. Fielding and 6 others (Deloitte) to discuss IRC section 382, net operating loss carryforward rules, implications of certain intercompany debt obligations, potential settlement transactions.
$920.00 1.6 $1,472.00
Boulos, Ala'a Meeting with C. Chatten, B. Egel, S. Fielding, J. McDermott, D. Padilla, M. Sullivan, E. Tucker, E. Tzavelis (Deloitte) regarding emergence transaction structure considerations related to the US federal income tax model.
$920.00 1.0 $920.00
Chadwick, Helen Review transfer of Valaris plc assets as part of emergence plan
$920.00 0.7 $644.00
Chatten, Colin Meeting with A. Boulos, B. Egel, S. Fielding, J. McDermott, D. Padilla, M. Sullivan, E. Tucker, E. Tzavelis (Deloitte) regarding emergence transaction structure considerations related to the US federal income tax model.
$520.00 1.0 $520.00
Chatten, Colin Call with A. Boulos, S. Fielding and 6 others (Deloitte) to discuss IRC section 382, net operating loss carryforward rules, implications of certain
intercompany debt obligations, potential settlement transactions.
$520.00 1.6 $832.00
Delaney, Sarah Consider stamp duty implications of Project Phoenix emergence structuring
$780.00 0.5 $390.00
Egel, Ben Call with A. Boulos, S. Fielding and 6 others (Deloitte) to discuss IRC section 382, net operating loss carryforward rules, implications of certain
intercompany debt obligations, potential settlement transactions.
Egel, Ben Meeting with A. Boulos, C. Chatten, S. Fielding, J. McDermott, D. Padilla, M. Sullivan, E. Tucker, E. Tzavelis (Deloitte) regarding emergence transaction structure considerations related to the US federal income tax model.
$520.00 1.0 $520.00
Fielding, Stephen Review bankruptcy plan/disclosure schedule to assess prior transactions and Treas. Reg.1.1502-91
implications.
$780.00 1.4 $1,092.00
Fielding, Stephen Meeting with A. Boulos, C. Chatten, B. Egel, J. McDermott, D. Padilla, M. Sullivan, E. Tucker, E. Tzavelis (Deloitte) regarding emergence transaction structure considerations related to the US federal income tax model.
$780.00 1.0 $780.00
Fielding, Stephen Call with A. Boulos and 6 others (Deloitte) to discuss IRC section 382, net operating loss carryforward rules, implications of certain intercompany debt obligations, potential settlement transactions.
$780.00 1.6 $1,248.00
Forrest, Jonathan Call (partial) with A. Boulos, S. Fielding and 6 others (Deloitte) to discuss IRC section 382, net operating loss carryforward rules, implications of certain intercompany debt obligations, potential settlement transactions.
$920.00 1.2 $1,104.00
Ghribli, Jawel Prepare Luxemborug direct tax
comments on the slides "Phase IV-VIII Post-Merger Realignment of Rig Operations and Consolidation of Intercompany Notes"
$345.00 4.0 $1,380.00
Kernek, Greg Analyze the tax technical analysis related to the US holding company structure.
$680.00 3.6 $2,448.00
McDermott, Jack Meeting with A. Boulos, C. Chatten, B. Egel, S. Fielding, D. Padilla, M. Sullivan, E. Tucker, E. Tzavelis (Deloitte) regarding emergence transaction structure considerations related to the US federal income tax model.
$350.00 1.0 $350.00
McDermott, Jack Update US federal income tax model. $350.00 1.1 $385.00 Padilla, Dana Meeting with A. Boulos, C. Chatten, B.
Egel, S. Fielding, J. McDermott, M. Sullivan, E. Tucker, E. Tzavelis (Deloitte) regarding emergence transaction structure considerations related to the US federal income tax model.
$780.00 1.0 $780.00
Padilla, Dana Call with A. Boulos, S. Fielding and 6 others (Deloitte) to discuss IRC section 382, net operating loss carryforward rules, implications of certain
intercompany debt obligations, potential settlement transactions.
$780.00 1.6 $1,248.00
Ruiz, Keely Continue to update the Rowan debt restructuring slide deck.
$430.00 1.3 $559.00
Schreiber, Mendy Call with A. Boulos, S. Fielding and 6 others (Deloitte) to discuss IRC section 382, net operating loss carryforward rules, implications of certain
intercompany debt obligations, potential settlement transactions.
$665.00 1.6 $1,064.00
Skalenko, Olesia Review and prepare Luxembourg direct tax comments on the slides "Phase IV-VIII Post-Merger
Realignment of Rig Operations and Consolidation of Intercompany Notes"
$430.00 6.0 $2,580.00
Sullivan, Megan Update tax basis balance sheet for consolidating eliminations -
intercompany and investments.
Sullivan, Megan Update tax basis balance sheets for additional intercompany notes detail and eliminations based on client provided balance sheet.
$520.00 3.9 $2,028.00
Sullivan, Megan Call with A. Boulos, S. Fielding and 6 others (Deloitte) to discuss IRC section 382, net operating loss carryforward rules, implications of certain
intercompany debt obligations, potential settlement transactions.
$520.00 1.6 $832.00
Sullivan, Megan Meeting with A. Boulos, C. Chatten, B. Egel, S. Fielding, J. McDermott, D. Padilla, E. Tucker, E. Tzavelis (Deloitte) regarding emergence transaction structure considerations related to the US federal income tax model.
$520.00 1.0 $520.00
Thomas, Gareth Update on emails from S&M regarding whether Scenario 2A or 2C will be taken forward for Phoenix emergence structuring.
$920.00 2.2 $2,024.00
Tucker, Erin Review consolidated tax basis balance sheet for update to net intercompany accounts.
$665.00 2.9 $1,928.50
Tucker, Erin Update to IRC section 382, net operating loss carryforward rules, limitation computation.
$665.00 2.1 $1,396.50
Tucker, Erin Review consolidated tax basis balance sheet for update to gross-up
intercompany accounts.
$665.00 2.9 $1,928.50
Tucker, Erin Review IRC section 382, limitation on net operating loss carryforwards, net unrealized built-in gain/loss
computation for update to gross-up intercompany accounts.
Tucker, Erin Meeting with A. Boulos, C. Chatten, B. Egel, S. Fielding, J. McDermott, D. Padilla, M. Sullivan, E. Tzavelis (Deloitte) regarding emergence transaction structure considerations related to the US federal income tax model.
$665.00 1.0 $665.00
Tzavelis, Elias Review intercompany settlement slides and cash tax model.
$920.00 1.5 $1,380.00 Tzavelis, Elias Meeting with A. Boulos, C. Chatten, B.
Egel, S. Fielding, J. McDermott, D. Padilla, M. Sullivan, E. Tucker (Deloitte) regarding emergence transaction structure considerations related to the US federal income tax model.
$920.00 1.0 $920.00
Zumot, Thomas Review the ENSCO debt extinguishment deck for the UK updates.
$430.00 3.3 $1,419.00
01/07/2021
Al Hashimi, Sam Review emails on UK tax basis of entities subject to sale in emergence transactions
$665.00 0.1 $66.50
Al Hashimi, Sam Call to discuss transfer of non-share assets with S&M and Deloitte
$665.00 0.4 $266.00
Al Hashimi, Sam Review UK SSE analysis for Project Phoenix emergence structuring steps
$665.00 4.5 $2,992.50 Al Hashimi, Sam Call with E. Tzavelis and 17 others
(Deloitte) to review intercompany unwind step
$665.00 0.9 $598.50
Bednarczyk, Christian Review Luxembourg direct tax
comments on the slides "Phase IV-VIII Post-Merger Realignment of Rig Operations and Consolidation of Intercompany Notes"
Boulos, Ala'a Call with C. Chatten, B. Egel, S. Fielding, J. McDermott, D. Padilla, M. Schreiber, M. Sullivan, E. Tucker, E. Tzavelis (Deloitte) regarding status of net unrealized built-in gain/loss analysis and impact of intercompany debt.
$920.00 1.1 $1,012.00
Boulos, Ala'a Call with C. Chatten, B. Egel, D. Padilla, M. Sullivan (Deloitte) to discuss impact of intercompany domestic eliminations on IRC section 382, net operating loss carryforward rules, net built-in gain/loss calculation.
$920.00 1.5 $1,380.00
Boulos, Ala'a Call with C. Chatten, S. Fielding, J. Forrest, G. Gooding, A. Hung, G. Kernek, J. McDermott, D. Padilla, K. Ruiz, M. Sullivan, E. Tucker, E. Tzavelis, T. Zumot, R. Vadapalli, M. Schreiber (Deloitte) to discuss company’s bankruptcy proceedings.
$920.00 1.0 $920.00
Boulos, Ala'a Call (partial) with C. Chatten, S. Fielding, J. Forrest, G. Gooding, J. Groves, A. Hung, G. Kernek, J. McDermott, K. Ruiz, M. Schreiber, M. Sullivan, E. Tucker, E. Tzavelis, T. Zumot (Deloitte) to review
intercompany unwind.
$920.00 0.7 $644.00
Chadwick, Helen Review emergence plan and SSE analysis
$920.00 0.6 $552.00
Chadwick, Helen Call with G. Thomas (Deloitte) to discuss Valaris Plc attributes.
$920.00 0.2 $184.00
Chadwick, Helen Call with E.Tzavelis and 17 others (Deloitte) to review intercompany unwind step
$920.00 0.9 $828.00
Chadwick, Helen Review Phoenix intercompany debt rationalization steps
Chadwick, Helen Call with S. Al-HAshimi, G. Thomas, J. Groves (Deloitte), E. Couzens, M. Lane, J. Bilimoria, R. Davies (S&M), J. Bull, I. Chantry, P. Baldwin (A&M) regarding Phoenix - transfer of non-share assets
$920.00 0.5 $460.00
Chatten, Colin Call with A. Boulos, B. Egel, S. Fielding, J. McDermott, D. Padilla, M. Schreiber, M. Sullivan, E. Tucker, E. Tzavelis (Deloitte) regarding status of net unrealized built-in gain/loss analysis and impact of intercompany debt.
$520.00 1.1 $572.00
Chatten, Colin Call with A. Boulos, B. Egel, D. Padilla, M. Sullivan (Deloitte) to discuss impact of intercompany domestic eliminations on IRC section 382, net operating loss carryforward rules, net built-in
gain/loss calculation.
$520.00 1.5 $780.00
Chatten, Colin Call with A. Boulos, S. Fielding, J. Forrest, G. Gooding, A. Hung, G. Kernek, J. McDermott, D. Padilla, K. Ruiz, M. Sullivan, E. Tucker, E. Tzavelis, T. Zumot, R. Vadapalli, M. Schreiber (Deloitte) to discuss company’s bankruptcy proceedings.
$520.00 1.0 $520.00
Chatten, Colin Call with A. Boulos, S. Fielding, J. Forrest, G. Gooding, J. Groves, A. Hung, G. Kernek, J. McDermott, K. Ruiz, M. Schreiber, M. Sullivan, E. Tucker, E. Tzavelis, T. Zumot (Deloitte) to review intercompany unwind.
$520.00 0.9 $468.00
Egel, Ben Call (partial) with A. Boulos, C. Chatten, D. Padilla, M. Sullivan, E. Tucker (Deloitte) to discuss impact of intercompany domestic eliminations on IRC section 382, net operating loss carryforward rules, net built-in gain/loss calculation.
Egel, Ben Call with A. Boulos, C. Chatten, S. Fielding, J. McDermott, D. Padilla, M. Schreiber, M. Sullivan, E. Tucker, E. Tzavelis (Deloitte) regarding status of net unrealized built-in gain/loss analysis and impact of intercompany debt.
$520.00 1.1 $572.00
Eitel, Julia Follow-up regarding Swiss tax question regarding loan contributions with A. Hung (Deloitte).
$780.00 1.0 $780.00
Fielding, Stephen Call with A. Boulos, C. Chatten, B. Egel, J. McDermott, D. Padilla, M. Schreiber, M. Sullivan, E. Tucker, E. Tzavelis (Deloitte) regarding status of net unrealized built-in gain/loss analysis and impact of intercompany debt.
$780.00 1.1 $858.00
Fielding, Stephen Call with A. Boulos, C. Chatten, J. Forrest, G. Gooding, A. Hung, G. Kernek, J. McDermott, D. Padilla, K. Ruiz, M. Sullivan, E. Tucker, E. Tzavelis, T. Zumot, R. Vadapalli, M. Schreiber (Deloitte) to discuss company’s bankruptcy proceedings.
$780.00 1.0 $780.00
Fielding, Stephen Call with A. Boulos, C. Chatten, J. Forrest, G. Gooding, J. Groves, A. Hung, G. Kernek, J. McDermott, K. Ruiz, M. Schreiber, M. Sullivan, E. Tucker, E. Tzavelis, T. Zumot (Deloitte) to review intercompany unwind.
$780.00 0.9 $702.00
Forrest, Jonathan Call with A. Boulos, C. Chatten, S. Fielding, G. Gooding, J. Groves, A. Hung, G. Kernek, J. McDermott, K. Ruiz, M. Schreiber, M. Sullivan, E. Tucker, E. Tzavelis, T. Zumot (Deloitte) to review intercompany unwind.
Forrest, Jonathan Call with A. Boulos, C. Chatten, S. Fielding, G. Gooding, A. Hung, G. Kernek, J. McDermott, D. Padilla, K. Ruiz, M. Sullivan, E. Tucker, E. Tzavelis, T. Zumot, R. Vadapalli, M. Schreiber (Deloitte) to discuss company’s bankruptcy proceedings.
$920.00 1.0 $920.00
Forrest, Jonathan Review intercompany settlement plan. $920.00 1.2 $1,104.00 Gooding, Grant Call with A. Boulos, C. Chatten, S.
Fielding, J. Forrest, J. Groves, A. Hung, G. Kernek, J. McDermott, K. Ruiz, M. Schreiber, M. Sullivan, E. Tucker, E. Tzavelis, T. Zumot (Deloitte) to review intercompany unwind.
$610.00 0.9 $549.00
Gooding, Grant Call with A. Boulos, C. Chatten, S. Fielding, J. Forrest, A. Hung, G. Kernek, J. McDermott, D. Padilla, K. Ruiz, M. Sullivan, E. Tucker, E. Tzavelis, T. Zumot, R. Vadapalli, M. Schreiber (Deloitte) to discuss company’s bankruptcy proceedings.
$610.00 1.0 $610.00
Groves, Jason Call with A. Boulos, C. Chatten, S. Fielding, J. Forrest, G. Gooding, A. Hung, G. Kernek, J. McDermott, K. Ruiz, M. Schreiber, M. Sullivan, E. Tucker, E. Tzavelis, T. Zumot (Deloitte) to review intercompany unwind.
$780.00 0.9 $702.00
Groves, Jason Review Valaris/Ensco/Atwood/Pride intercompany restructuring deck for transactions impacting on distributable reserves.
$780.00 1.5 $1,170.00
Hung, Annie Call with A. Boulos, C. Chatten, S. Fielding, J. Forrest, G. Gooding, G. Kernek, J. McDermott, D. Padilla, K. Ruiz, M. Sullivan, E. Tucker, E. Tzavelis, T. Zumot, R. Vadapalli, M. Schreiber (Deloitte) to discuss company’s bankruptcy proceedings.
Hung, Annie Call with A. Boulos, C. Chatten, S. Fielding, J. Forrest, G. Gooding, J. Groves, G. Kernek, J. McDermott, K. Ruiz, M. Schreiber, M. Sullivan, E. Tucker, E. Tzavelis, T. Zumot (Deloitte) to review intercompany unwind.
$680.00 0.9 $612.00
Kernek, Greg Call with A. Boulos, C. Chatten, S. Fielding, J. Forrest, G. Gooding, J. Groves, A. Hung, J. McDermott, K. Ruiz, M. Schreiber, M. Sullivan, E. Tucker, E. Tzavelis, T. Zumot (Deloitte) to review intercompany unwind.
$680.00 0.9 $612.00
Kernek, Greg Call with A. Boulos, C. Chatten, S. Fielding, J. Forrest, G. Gooding, A. Hung, J. McDermott, D. Padilla, K. Ruiz, M. Sullivan, E. Tucker, E. Tzavelis, T. Zumot, R. Vadapalli, M. Schreiber (Deloitte) to discuss company’s bankruptcy proceedings.
$680.00 1.0 $680.00
Mansell, Matt Review of latest UK analyses on intercompany rationalization and Phoenix emergence structuring
$665.00 1.5 $997.50
Marker, Denise Review Luxembourg direct tax
comments on the slides "Phase IV-VIII Post-Merger Realignment of Rig Operations and Consolidation of Intercompany Notes"
$680.00 4.0 $2,720.00
McDermott, Jack Call with A. Boulos, C. Chatten, S. Fielding, J. Forrest, G. Gooding, J. Groves, A. Hung, G. Kernek, K. Ruiz, M. Schreiber, M. Sullivan, E. Tucker, E. Tzavelis, T. Zumot (Deloitte) to review intercompany unwind.
$350.00 0.9 $315.00
McDermott, Jack Call with A. Boulos, C. Chatten, S. Fielding, J. Forrest, G. Gooding, A. Hung, G. Kernek, D. Padilla, K. Ruiz, M. Sullivan, E. Tucker, E. Tzavelis, T.
McDermott, Jack Call with A. Boulos, C. Chatten, B. Egel, S. Fielding, D. Padilla, M. Schreiber, M. Sullivan, E. Tucker, E. Tzavelis (Deloitte) regarding status of net unrealized built-in gain/loss analysis and impact of intercompany debt.
$350.00 1.1 $385.00
McDermott, Jack Prepare agenda for upcoming weekly status client call with L. Morgan (K&E) and C. Ochoa (Valaris).
$350.00 0.4 $140.00
Padilla, Dana Call with A. Boulos, C. Chatten, B. Egel, M. Sullivan (Deloitte) to discuss impact of intercompany domestic eliminations on IRC section 382, net operating loss carryforward rules, net built-in gain/loss calculation.
$780.00 1.5 $1,170.00
Padilla, Dana Update tax basis balance sheets for gross versus net intercompany accounts.
$780.00 1.0 $780.00
Padilla, Dana Discuss with M. Sullivan and E. Tucker (Deloitte) regarding updates to tax basis balance sheets for gross versus net intercompany accounts.
$780.00 1.0 $780.00
Padilla, Dana Call with A. Boulos, C. Chatten, B. Egel, S. Fielding, J. McDermott, M. Schreiber, M. Sullivan, E. Tucker, E. Tzavelis (Deloitte) regarding status of net unrealized built-in gain/loss analysis and impact of intercompany debt.
$780.00 1.1 $858.00
Padilla, Dana Call with A. Boulos, C. Chatten, S. Fielding, J. Forrest, G. Gooding, A. Hung, G. Kernek, J. McDermott, K. Ruiz, M. Sullivan, E. Tucker, E. Tzavelis, T. Zumot, R. Vadapalli, M. Schreiber (Deloitte) to discuss company’s bankruptcy proceedings.
$780.00 1.0 $780.00
Rea, Marcus Discuss updates on Phoenix
emergence structuring with G. Thomas (Deloitte)
Ruiz, Keely Call with A. Boulos, C. Chatten, S. Fielding, J. Forrest, G. Gooding, J. Groves, A. Hung, G. Kernek, J. McDermott, M. Schreiber, M. Sullivan, E. Tucker, E. Tzavelis, T. Zumot (Deloitte) to review intercompany unwind.
$430.00 0.9 $387.00
Ruiz, Keely Call with A. Boulos, C. Chatten, S. Fielding, J. Forrest, G. Gooding, A. Hung, G. Kernek, J. McDermott, D. Padilla, M. Sullivan, E. Tucker, E. Tzavelis, T. Zumot, R. Vadapalli, M. Schreiber (Deloitte) to discuss company’s bankruptcy proceedings.
$430.00 1.0 $430.00
Ruiz, Keely Update ENSCO Atwood Pride slide deck
$430.00 2.6 $1,118.00 Schreiber, Mendy Call with A. Boulos, C. Chatten, S.
Fielding, J. Forrest, G. Gooding, J. Groves, A. Hung, G. Kernek, J. McDermott, K. Ruiz, M. Sullivan, E. Tucker, E. Tzavelis, T. Zumot (Deloitte) to review intercompany unwind.
$665.00 0.9 $598.50
Schreiber, Mendy Call with A. Boulos, C. Chatten, B. Egel, S. Fielding, J. McDermott, D. Padilla, M. Sullivan, E. Tucker, E. Tzavelis (Deloitte) regarding status of net unrealized built-in gain/loss analysis and impact of intercompany debt.
$665.00 1.1 $731.50
Sullivan, Megan Call with A. Boulos, C. Chatten, S. Fielding, J. Forrest, G. Gooding, J. Groves, A. Hung, G. Kernek, J. McDermott, K. Ruiz, M. Schreiber, E. Tucker, E. Tzavelis, T. Zumot (Deloitte) to review intercompany unwind.
$520.00 0.9 $468.00
Sullivan, Megan Update tax basis balance sheets for gross versus net intercompany
Sullivan, Megan Discuss with D. Padilla and E. Tucker (Deloitte) regarding updates to tax basis balance sheets for gross versus net intercompany accounts.
$520.00 1.0 $520.00
Sullivan, Megan Call with A. Boulos, C. Chatten, B. Egel, S. Fielding, J. McDermott, D. Padilla, M. Schreiber, E. Tucker, E. Tzavelis (Deloitte) regarding status of net unrealized built-in gain/loss analysis and impact of intercompany debt.
$520.00 1.1 $572.00
Sullivan, Megan Call with A. Boulos, C. Chatten, S. Fielding, J. Forrest, G. Gooding, A. Hung, G. Kernek, J. McDermott, D. Padilla, K. Ruiz, E. Tucker, E. Tzavelis, T. Zumot, R. Vadapalli, M. Schreiber (Deloitte) to discuss company’s bankruptcy proceedings.
$520.00 1.0 $520.00
Sullivan, Megan Call with A. Boulos, C. Chatten, B. Egel, D. Padilla (Deloitte) to discuss impact of intercompany domestic eliminations on IRC section 382, net operating loss carryforward rules, net built-in gain/loss calculation.
$520.00 1.5 $780.00
Thomas, Gareth Review and update intercompany rationalization deck for UK tax commentary.
$920.00 2.8 $2,576.00
Thomas, Gareth Call with E.Tzavelis and 17 others (Deloitte) to review intercompany unwind steps
$920.00 0.9 $828.00
Tucker, Erin Call with A. Boulos, C. Chatten, S. Fielding, J. Forrest, G. Gooding, J. Groves, A. Hung, G. Kernek, J. McDermott, K. Ruiz, M. Schreiber, M. Sullivan, E. Tzavelis, T. Zumot (Deloitte) to review intercompany unwind.
$665.00 0.9 $598.50
Tucker, Erin Continue to review consolidated tax basis balance sheet for update to gross-up intercompany accounts.
Tucker, Erin Continue to review consolidated tax basis balance sheet for update to gross-up intercompany accounts.
$665.00 2.9 $1,928.50
Tucker, Erin Discuss with D. Padilla, M. Sullivan (Deloitte) regarding updates to tax basis balance sheets for gross versus net intercompany accounts.
$665.00 1.0 $665.00
Tucker, Erin Call with A. Boulos, C. Chatten, B. Egel, S. Fielding, J. McDermott, D. Padilla, M. Schreiber, M. Sullivan, E. Tzavelis (Deloitte) regarding status of net unrealized built-in gain/loss analysis and impact of intercompany debt.
$665.00 1.1 $731.50
Tucker, Erin Call with A. Boulos, C. Chatten, S. Fielding, J. Forrest, G. Gooding, A. Hung, G. Kernek, J. McDermott, D. Padilla, K. Ruiz, M. Sullivan, E. Tzavelis, T. Zumot, R. Vadapalli, M. Schreiber (Deloitte) to discuss company’s bankruptcy proceedings.
$665.00 1.0 $665.00
Tzavelis, Elias Call with A. Boulos, C. Chatten, B. Egel, S. Fielding, J. McDermott, D. Padilla, M. Schreiber, M. Sullivan, E. Tucker (Deloitte) regarding status of net unrealized built-in gain/loss analysis and impact of intercompany debt.
$920.00 1.1 $1,012.00
Tzavelis, Elias Call with A. Boulos, C. Chatten, S. Fielding, J. Forrest, G. Gooding, A. Hung, G. Kernek, J. McDermott, D. Padilla, K. Ruiz, M. Sullivan, E. Tucker, T. Zumot, R. Vadapalli, M. Schreiber (Deloitte) to discuss company’s bankruptcy proceedings.
$920.00 1.0 $920.00
Tzavelis, Elias Call with A. Boulos, C. Chatten, S. Fielding, J. Forrest, G. Gooding, J.
Vadapalli, Rupesh Call with C. Chatten, S. Fielding, J. Forrest, G. Gooding, A. Hung, G. Kernek, J. McDermott, D. Padilla, K. Ruiz, M. Sullivan, E. Tucker, E. Tzavelis, T. Zumot, A. Boulos, M. Schreiber (Deloitte) to discuss company’s bankruptcy proceedings.
$680.00 1.0 $680.00
Zumot, Thomas Call with A. Boulos, C. Chatten, S. Fielding, J. Forrest, G. Gooding, J. Groves, A. Hung, G. Kernek, J. McDermott, K. Ruiz, M. Schreiber, M. Sullivan, E. Tucker, E. Tzavelis (Deloitte) to review intercompany unwind.
$430.00 0.9 $387.00
Zumot, Thomas Prepare for upcoming call with to discuss company’s bankruptcy proceedings.
$430.00 0.1 $43.00
Zumot, Thomas Call with C. Chatten, S. Fielding, J. Forrest, G. Gooding, A. Hung, G. Kernek, J. McDermott, D. Padilla, K. Ruiz, M. Sullivan, E. Tucker, E. Tzavelis, A. Boulos, R. Vadapalli, M. Schreiber (Deloitte) to discuss company’s bankruptcy proceedings.
$430.00 1.0 $430.00
Zumot, Thomas Review Ensco intercompany debt extinguishment deck.
$430.00 1.1 $473.00
01/08/2021
Al Hashimi, Sam Review UK SSE analysis for Project Phoenix Emergence Structuring Steps
$665.00 3.0 $1,995.00 Al Hashimi, Sam Weekly UK touchpoint call to discuss
emergence transaction with H. Chadwick, G. Thomas, J. Groves, M. Mansell (Deloitte)
$665.00 0.3 $199.50
Bednarczyk, Christian Review Luxembourg direct tax
comments on the slides "Phase IV-VIII Post-Merger Realignment of Rig Operations and Consolidation of Intercompany Notes"
Boulos, Ala'a Call with C. Ochoa (Valaris), M. Dundon, L. Morgan (K&E), C. Chatten, S. Fielding, G. Gooding, A. Hung, G. Kernek, J. McDermott, D. Padilla, K. Ruiz, M. Sullivan, E. Tucker, E. Tzavelis, R. Vadapalli (Deloitte) to discuss company’s bankruptcy status.
$920.00 0.5 $460.00
Chadwick, Helen Call with E. Couzens to discuss the proposed new treasury company
$920.00 0.3 $276.00
Chadwick, Helen Call with S. Al-Hashimi (Deloitte) to discuss SSE analysis
$920.00 0.3 $276.00
Chadwick, Helen Weekly UK touchpoint call to discuss emergence transaction with G.
Thomas, J. Groves, M. Mansell, and S. Al-Hashimi (Deloitte)
$920.00 0.3 $276.00
Chadwick, Helen Email regarding regarding Project Phoenix update call - status and actions
$920.00 0.2 $184.00
Chatten, Colin Update emergence transaction step plan.
$520.00 0.7 $364.00
Chatten, Colin Call with J. McDermott (Deloitte) to update the US federal income tax model.
$520.00 1.6 $832.00
Chatten, Colin Review attribute reduction and IRC section 382 net operating loss carryforward analysis.
$520.00 1.0 $520.00
Chatten, Colin Meeting with S. Fielding, M. Sullivan and J. McDermott (Deloitte) to review the company’s bankruptcy emergence transaction and related US federal income model.
$520.00 1.1 $572.00
Chatten, Colin Call with C. Ochoa (Valaris), M. Dundon, L. Morgan (K&E), A. Boulos, S. Fielding, G. Gooding, A. Hung, G. Kernek, J. McDermott, D. Padilla, K. Ruiz, M. Sullivan, E. Tucker, E.
Fielding, Stephen Call with C. Ochoa (Valaris), M. Dundon, L. Morgan (K&E), A. Boulos, C. Chatten, G. Gooding, A. Hung, G. Kernek, J. McDermott, D. Padilla, K. Ruiz, M. Sullivan, E. Tucker, E. Tzavelis, R. Vadapalli (Deloitte) to discuss company’s bankruptcy status.
$780.00 0.5 $390.00
Fielding, Stephen Meeting with C. Chatten, M. Sullivan and J. McDermott (Deloitte) to review the company’s bankruptcy emergence transaction and related US federal income model.
$780.00 1.1 $858.00
Gooding, Grant Call with C. Ochoa (Valaris), M. Dundon, L. Morgan (K&E), A. Boulos, C. Chatten, S. Fielding, A. Hung, G. Kernek, J. McDermott, D. Padilla, K. Ruiz, M. Sullivan, E. Tucker, E. Tzavelis, R. Vadapalli (Deloitte) to discuss company’s bankruptcy status.
$610.00 0.5 $305.00
Groves, Jason Draft email regarding emergence transaction to H. Chadwick, G. Thomas, M. Mansell, S. Al-Hashimi (Deloitte).
$780.00 0.3 $234.00
Groves, Jason Draft response to H. Chadwick (Deloitte) questions in respect of UK taxable basis.
$780.00 0.5 $390.00
Hung, Annie Review entities listing for distributable reserve data request from client relating to intercompany unwind steps.
$680.00 1.0 $680.00
Hung, Annie Call with C. Ochoa (Valaris), M. Dundon, L. Morgan (K&E), A. Boulos, C. Chatten, S. Fielding, G. Gooding, G. Kernek, J. McDermott, D. Padilla, K. Ruiz, M. Sullivan, E. Tucker, E. Tzavelis, R. Vadapalli (Deloitte) to discuss company’s bankruptcy status.
Kernek, Greg Call with C. Ochoa (Valaris), M. Dundon, L. Morgan (K&E), A. Boulos, C. Chatten, S. Fielding, G. Gooding, A. Hung, J. McDermott, D. Padilla, K. Ruiz, M. Sullivan, E. Tucker, E. Tzavelis, R. Vadapalli (Deloitte) to discuss company’s bankruptcy status.
$680.00 0.5 $340.00
Mansell, Matt Weekly UK touchpoint call to discuss emergence transaction with H.
Chadwick, G. Thomas, J. Groves, and S. Al-Hashimi (Deloitte)
$665.00 0.3 $199.50
Marker, Denise Review Luxembourg direct tax
comments on the slides "Phase IV-VIII Post-Merger Realignment of Rig Operations and Consolidation of Intercompany Notes"
$680.00 3.0 $2,040.00
McDermott, Jack Call with C. Ochoa (Valaris), M. Dundon, L. Morgan (K&E), A. Boulos, C. Chatten, S. Fielding, G. Gooding, A. Hung, G. Kernek, D. Padilla, K. Ruiz, M. Sullivan, E. Tucker, E. Tzavelis, R. Vadapalli (Deloitte) to discuss
company’s bankruptcy status.
$350.00 0.5 $175.00
McDermott, Jack Meeting with S. Fielding, C. Chatten, M. Sullivan (Deloitte) to review the company’s bankruptcy emergence transaction and related US federal income model.
$350.00 1.1 $385.00
McDermott, Jack Call with C. Chatten (Deloitte) to update the US federal income tax model.
$350.00 1.6 $560.00
McDermott, Jack Update US federal income tax model. $350.00 0.6 $210.00 Padilla, Dana Call with C. Ochoa (Valaris), M.
Dundon, L. Morgan (K&E), A. Boulos, C. Chatten, S. Fielding, G. Gooding, A. Hung, G. Kernek, J. McDermott, K. Ruiz, M. Sullivan, E. Tucker, E.
Ruiz, Keely Call with C. Ochoa (Valaris), M. Dundon, L. Morgan (K&E), A. Boulos, C. Chatten, S. Fielding, G. Gooding, A. Hung, G. Kernek, J. McDermott, D. Padilla, M. Sullivan, E. Tucker, E. Tzavelis, R. Vadapalli (Deloitte) to discuss company’s bankruptcy status.
$430.00 0.5 $215.00
Ruiz, Keely Update the ENSCO Pride Atwood distributable reserves listing.
$430.00 3.2 $1,376.00 Ruiz, Keely Continue to update the ENSCO Pride
Atwood distribution reserves listing.
$430.00 2.8 $1,204.00 Skalenko, Olesia Review and prepare Luxembourg
direct tax comments on the slides "Phase IV-VIII Post-Merger
Realignment of Rig Operations and Consolidation of Intercompany Notes"
$430.00 2.0 $860.00
Sullivan, Megan Review deferred tax assets, including detail of accrued retirement liability.
$520.00 0.8 $416.00
Sullivan, Megan Meeting with S. Fielding, C. Chatten and J. McDermott (Deloitte) to review the company’s bankruptcy emergence transaction and related US federal income model.
$520.00 1.1 $572.00
Sullivan, Megan Call with C. Ochoa (Valaris), M. Dundon, L. Morgan (K&E), A. Boulos, C. Chatten, S. Fielding, G. Gooding, A. Hung, G. Kernek, J. McDermott, D. Padilla, K. Ruiz, E. Tucker, E. Tzavelis, R. Vadapalli (Deloitte) to discuss company’s bankruptcy status.
$520.00 0.5 $260.00
Thomas, Gareth Weekly UK touchpoint call to discuss emergence transaction with H.
Chadwick, J. Groves, M. Mansell, and S. Al-Hashimi (Deloitte)
$920.00 0.3 $276.00
Thomas, Gareth Consider UK tax implications of distributable reserves position and intercompany rationalization in relation to Phoenix restructuring
