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Europe steps up its fight against fraud
European watchdogs have long been focusing on enforcement against corporate crime with a great focus on anti-corruption, economic sanctions and money laundering.
Publication | June 13, 2016
The prolonged downturn of oil prices has begun to take its toll. Over 27 oil and gas bankruptcy cases have filed in 2016, and over 69 since 2015,1 as companies seek to access powerful protections under the U.S. Bankruptcy Code (the Code).
One such protection at the forefront of the trend is the ability to escape certain burdensome contracts. Rejecting these contracts under §365 of the Code can create substantial bargaining power for a going concern enterprise or increase the value of assets sold through a bankruptcy.
This article analyzes a hiccup in this strategy presented in three recent cases—one that promises to recur. The outcome in these cases will signal a trend that broadly affects similar agreements across the industry.
Download the full article: Current issues running with contract rejections in oil gas cases
Publication
European watchdogs have long been focusing on enforcement against corporate crime with a great focus on anti-corruption, economic sanctions and money laundering.
Publication
The Digital Markets, Competition and Consumers Act (DMCC Act) received Royal Assent on 24 May 2024 and is generally expected to come into force in autumn this year.
Publication
Head of Legal Operations, Stephanie Hamon, will be joining the panel discussion on "Simplifying Legal Tech Adoption and Implementation" at the Legal Tech Talk conference on June 13th (3:30 - 4:15 PM).
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