In part 2 of this 3-part series, Omni Bridgeway turns to Nathan Landis, an Investment Manager based in our Perth office, Shane Taylor, a Business Development Director based in our Sydney office,
Australia, Indonesia, Malaysia, Thailand, Energy & Natural Resources, Insolvency & Restructuring, Legal Tech, Litigation, Projects & Procurement, Omni Bridgeway, Renewable energy, Force majeure, Coronavirus
The United States Court of Appeals for the Second Circuit affirmed U.S. District Judge Jed S. Rakoff’s decision that the gas gathering contracts that Sabine Oil & Gas Corporation entered into with two midstream service companies were personal obligations, and not “covenants running with the land” under Texas law, which, therefore, could be rejected under Section 365 of the Bankruptcy Code.
USA, Texas, Energy & Natural Resources, Insolvency & Restructuring, Litigation, Haynes and Boone LLP, Second Circuit