Mitigating Bankruptcy Risks in Oil & Gas Transactions: Fraudulent Transfers and Preferences
Doing Business With or Buying Assets of Distressed Companies Outside of Bankruptcy
Recording of a 90-minute CLE webinar with Q&A
This CLE webinar will provide guidance to counsel in the energy industry on conducting transactions with distressed companies. The panel will discuss the advantages and disadvantages of such transactions and offer best practices for developing a strategy and putting safeguards in place to minimize risk.
Outline
- Oil & gas sale transactions with distressed companies outside of court proceedings
- Advantages
- Disadvantages
- Fraudulent transfers in sale transactions
- Preferences
- Best practices for transacting with distressed companies outside of bankruptcy
Benefits
The panel will review these and other key issues:
- What benefits do companies have when doing a sale transaction with a distressed company prior to bankruptcy?
- What are the risks of doing business with or transacting outside of bankruptcy court proceedings?
- What steps can counsel take to minimize the risk of fraudulent transfer in oil & gas transactions with distressed companies?
Faculty
Ira L. Herman
Partner
Thompson & Knight
Mr. Herman concentrates his practice on domestic and cross-border insolvency matters, commercial litigation, and... | Read More
Mr. Herman concentrates his practice on domestic and cross-border insolvency matters, commercial litigation, and related corporate governance issues. He regularly represents buyers of distressed assets and provides counsel concerning troubled commercial real estate, including securitized loans (CMBS). He has presented on buying and selling oil & gas assets in bankruptcy cases.
CloseIan T. Peck
Partner
Haynes & Boone
Mr. Peck's practice focuses on bankruptcy, serving as lead counsel in bankruptcy cases. Outside of litigation, he... | Read More
Mr. Peck's practice focuses on bankruptcy, serving as lead counsel in bankruptcy cases. Outside of litigation, he advises companies in renegotiating their financial and contractual obligations to avoid contentious litigation or lengthy reorganization proceedings. He frequently speaks throughout the country on bankruptcy topics and is a prolific author, publishing scholarly articles on bankruptcy issues.
CloseMark Wege
Partner
King & Spalding
Mr. Wege represents entities in corporate reorganizations, including out-of-court restructurings, and formal... | Read More
Mr. Wege represents entities in corporate reorganizations, including out-of-court restructurings, and formal bankruptcy proceedings in a wide variety of industries. In Chapter 11 cases, he has represented debtors, DIP lenders, creditor committees, purchasers and secured and unsecured creditors in bankruptcy courts across the United States, as well as having participated in international proceedings. He represents companies in industries such as oil and gas exploration and production, petrochemicals, refining, electrical generation and transmission, oil field service and supply, alternative energy, transportation, telecommunication, retail grocery and convenience store, wholesale product production and distribution, retail restaurant, commercial real estate and healthcare.
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