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IN RE MONITOR SINGLE LIFT I, LTD.

No. 07-13708 (MG).

381 B.R. 455 (2008)

In re MONITOR SINGLE LIFT I, LTD., et al., Debtors.

United States Bankruptcy Court, S.D. New York.

February 4, 2008.

Attorney(s) appearing for the Case

Bingham McCutchen LLP, by Steven Wilamowsky, Jeffrey M. Olinsky, New York, NY, by Sabin Willett (pro hoc vice), Boston, MA, for The Ad Hoc Committee of Bondholders.

Dorsey & Whitney LLP, by Michael Foreman, Eric Lopez Schnabel, Steven R. Shoenfeld, Eric B. Epstein, New York, NY, for Debtors and Debtors-in-Possession.

Weil, Gotshal & Manges LLP, by Lori R. Fife, Shai Y. Weisman, New York, NY, for Credit Suisse, as administrative agent to Second Lien Lenders.

Berkman, Henoch, Peterson & Peddy, P.C., by Bruce D. Mael, Garden City, NY, for Norsk Tillitsmann, ASA, Bond Trustee.

MEMORANDUM OPINION AND ORDER DENYING MOTION TO ABSTAIN PURSUANT TO BANKRUPTCY CODE § 305(a)

MARTIN GLENN, Bankruptcy Judge.

Pending before the court is a motion by the Ad Hoc Committee of Bondholders ("Ad Hoc Committee" or "Bondholders") for the Court to abstain in the chapter 11 case of Monitor Oil, PLC `("PLC") pursuant to 11 U.S.C. § 305(a)(1). (ECF Doc. # 47.) Norsk Tillitsmann ASA. (...

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