Restructuring and Insolvency Deals in the Oil Patch: Recent Trends and Developments
Market forces, the pandemic, and regulatory changes in recent years have created bothopportunities and challenges for the energy industry. Insolvencies are being used to shed liabilities, for strategic restructurings, and to minimize the environmental liabilities that would otherwise end up with industry-funded orphan programs. Recent jurisprudence continues to shift this landscape and has left insolvency, particularly in the oil patch, in astate of flux.
This article explores the basics of insolvency in the oil patch, recent developments in the sector, and things practitioners should know moving forward.
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