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Standing Room Only: SCOTUS Accepts Review of Circuit Split on Whether Insurer is a Party in Interest in Policyholder’s Bankruptcy

The United States Supreme Court recently accepted review of In re Kaiser Gypsum Co., Inc., 60 F.4th 73 (4th Cir.

USA, Insolvency & Restructuring, Insurance, Litigation, Hunton Andrews Kurth LLP, Supreme Court of the United States, Fourth Circuit
Third Circuit Applies Delaware Choice of Law Rules Allowing Subsequent Purchasers of Oil and Gas and Lenders to Prevail against Upstream Producers

On July 19, 2017, the Third Circuit Court of Appeals issued an opinion in Arrow Oil & Gas, Inc., et al. v. J. Aron & Company, et al.(In re Semcrude, L.P., et al.), Case Nos. 15-3094, 15-3095, 15-3096 and 15-3097, affirming the Delaware bankruptcy court and district court, holding that upstream oil producers do not have an automatically perfected statutory security interest in oil sold even if Texas or Kansas law applied.

USA, Energy & Natural Resources, Insolvency & Restructuring, Litigation, Hunton Andrews Kurth LLP, Third Circuit