Guidance for Distressed Companies: Loan Workouts and Exchange OffersPosted on 06-17-2020

By: Daniel G. Egan , Ropes & Gray LLP with updates by the Lexis Practice Advisor Attorney Team As the Coronavirus pandemic continues to impact our economy, many companies will need to consider whether to pursue a loan workout. This article examines considerations that affect whether and in what... Read More

Representing Parties in Interest in a Chapter 11 BankruptcyPosted on 08-23-2019

By: Mark Haut , Lexis Practice Advisor This article provides general guidance for counsel retained to represent a party in interest in a bankruptcy proceeding. Bankruptcy cases involve myriad issues so coverage in this article is limited to certain general actions that should usually be taken when... Read More

The Recharacterization of Loan Agreements under Applicable Bankruptcy and Non-Bankruptcy LawPosted on 04-12-2017

By: Ira L. Herman , Blank Rome, LLP The Statutory Predicate for Recharacterization To increase their share of a finite bankruptcy pie, creditors, debtors and other parties in interest in a case will seek to reduce or eliminate competing claims. This objective may be accomplished using various provisions... Read More

When Supply Exceeds Demand: Buying and Selling Oil and Gas Assets in the Current Low Price EnvironmentPosted on 06-03-2016

By: Ira L. Herman , Thompson & Knight LLP The price of crude oil, like the price of virtually all commodities, moves up in times of high demand and down in times of excess capacity. When a mismatch exists between supply and demand, the markets are expected to self-correct. Excess supply should... Read More

Director Duties in a Transnational Energy InsolvencyPosted on 03-11-2016

By: Cameron Kinvig LEXIS PRACTICE ADVISOR RESEARCH PATH: Financial Restructuring & Bankruptcy > Identifying Bankruptcy Risk > Oil and Gas Agreements > Practice Notes With oil prices at multi-year lows, the upstream oil and gas industry is reeling. Many exploration and production concerns... Read More