Skip to main content
Enter a keyword
  • Login
  • Home

    Main navigation

    Menu
    • US Law
      • Chapter 15 Cases
    • Regions
      • Africa
      • Asia Pacific
      • Europe
      • North Africa/Middle East
      • North America
      • South America
    • Headlines
    • Education Resources
      • ABI Committee Articles
      • ABI Journal Articles
      • Covid 19
      • Conferences and Webinars
      • Newsletters
      • Publications
    • Events
    • Firm Articles
    • About Us
      • ABI International Board Committee
      • ABI International Member Committee Leadership
    • Join
    Roseton Ol, LLC v. Dynegy Holdings, Inc., C.A. no. 6689-VCP (Del. Ch. July 29, 2011) (Parsons, V.C.)
    2011-08-08

    In this memorandum opinion, the Court of Chancery denied the plaintiffs’ (Roseton OL LLC and Danskammer OL, LLC) motion seeking to temporarily restrain the consummation of a transaction pursuant to which defendant Dynegy Holdings, Inc. (“DHI”) would transfer its most profitable power plants from existing subsidiaries to new bankruptcy remote subsidiaries.

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Potter Anderson & Corroon LLP, Injunction, Natural gas, Limited liability company, Preliminary injunction, Electricity generation, Line of credit, Subsidiary, Memorandum opinion, Court of Chancery, Delaware Supreme Court
    Location:
    USA
    Firm:
    Potter Anderson & Corroon LLP
    Canadian insolvency proceedings of Pacific Exploration & Production Corporation recognised as main proceedings by Colombia and US Bankruptcy Court
    2016-09-28

    Pacific Exploration & Production Corporation ("the Company"), a Canadian public company who explore and produce natural gas and crude oil with operations focused in Latin America. In April 2016, the Company obtained an initial order from the Ontario Superior Court for protection under the Companies' Creditors Arrangement Act for the restructuring of the Company.

    Filed under:
    Canada, Colombia, USA, Insolvency & Restructuring, Litigation, Ashfords LLP, Public company, Letter of credit, Debtor, Natural gas, Stay of execution, Title 11 of the US Code, United States bankruptcy court, Ontario Superior Court of Justice
    Authors:
    Olivia Bridger , Alan Bennett
    Location:
    Canada, Colombia, USA
    Firm:
    Ashfords LLP
    Alberta Court of Appeal Grants Intervener Status to Four Participants in Appeal of Re Redwater Energy Corp.
    2016-08-18

    The much-debated and closely-monitored Re Redwater Energy Corp.

    Filed under:
    Canada, Alberta, Energy & Natural Resources, Insolvency & Restructuring, Litigation, Borden Ladner Gervais LLP, Bankruptcy, Natural gas, Common law, Alberta Energy Regulator, Court of Appeal of England & Wales, Supreme Court of Canada, Court of Appeal of Alberta
    Location:
    Canada
    Firm:
    Borden Ladner Gervais LLP
    Application for leave to appeal set off decision denied in SemCAMS proceeding
    2011-02-01

    The Alberta Court of Appeal recently denied an application by Celtic Exploration Ltd. ("Celtic") for leave to appeal a decision from a Companies’ Creditors Arrangements Act (Canada) ("CCAA") proceeding involving Celtic and SemCAMS ULC ("SemCAMS"). The CCAA court found that the parties’ gas purchase agreement had been suspended as of July 2008, and as a result, Celtic could not set off amounts it owed to SemCAMS after that date against indebtedness arising under the agreement.

    Filed under:
    Canada, Alberta, Energy & Natural Resources, Insolvency & Restructuring, Litigation, Stikeman Elliott LLP, Share (finance), Natural gas, Debt, Legal burden of proof, Involuntary dismissal, Court of Appeal of England & Wales, Court of Appeal of Alberta
    Location:
    Canada
    Firm:
    Stikeman Elliott LLP
    SemCAMS faces triangular set-off issue in its CCAA proceedings
    2009-05-01

    Triangular (or cross-affiliate) set-off has been at issue recently in the Companies' Creditors Arrangements Act (Canada) (CCAA) proceedings with respect to SemCAMS ULC (SemCAMS) (and certain other of its Canadian affiliates). In one application, SemCAMS successfully challenged Nexen Marketing's (Nexen) attempts to effect triangular set-off where Nexen lacked a contractual right to do so.

    Nexen Marketing was a party to a number of agreements with SemCAMS and certain of its affiliates:

    Filed under:
    Canada, Insolvency & Restructuring, Litigation, Stikeman Elliott LLP, Natural gas, Option (finance), Consideration, Debt, Attorney's fee, Parent company
    Location:
    Canada
    Firm:
    Stikeman Elliott LLP
    Drafting eligible financial contracts
    2007-08-02

    All businesses know that one key to profitability is risk management. Particularly in such industries as oil and natural gas, eligible financial contracts have emerged as an invaluable tool to hedge the risk associated with volatile foreign currency exchange, interest rates and commodity prices. Indeed, a large business has developed proffering over-the-counter derivatives (or ‘swaps’) and standardized exchange-traded derivatives (or ‘futures’) to do just that.

    Filed under:
    Canada, Derivatives, Insolvency & Restructuring, Litigation, McCarthy Tétrault LLP, Natural gas, Swap (finance), Commodity, Commercial law, Prejudice, Commodity market, Companies' Creditors Arrangement Act 1933 (Canada), Court of Appeal of Alberta
    Location:
    Canada
    Firm:
    McCarthy Tétrault LLP
    Second Circuit Affirms Decision Rejecting Gathering Service Agreements in Bankruptcy
    2018-05-30

    On May 25, 2018, the United States Court of Appeals for the Second Circuit upheld a district court’s decision that Sabine Oil & Gas Corporation could reject certain gathering service agreements in bankruptcy. The agreements, with Nordheim Eagle Ford Gathering, LLC, provided that Nordheim would supply Sabine with certain gathering, transportation and treatment services for Sabine’s natural gas and condensate production.

    Filed under:
    USA, Energy & Natural Resources, Insolvency & Restructuring, Litigation, Vorys Sater Seymour and Pease LLP, Bankruptcy, Natural gas, Limited liability company, Second Circuit
    Authors:
    Ilya Batikov
    Location:
    USA
    Firm:
    Vorys Sater Seymour and Pease LLP
    Are Oil, Gas Producers Hedging?
    2017-04-04

    With the price of crude oil dropping in November 2014, many are asking if oil and gas producers are hedging at the current price levels. The following is a survey of the 30 largest public oil and gas producers and their hedging activities as disclosed in their Dec. 31, 2016 10-K filings.

    The following survey provides as much information as possible based on what was disclosed in the filings. U.S. GAAP accounting rules form the minimum disclosures companies must provide in their filings to provide users with an understanding of:

    Filed under:
    USA, Derivatives, Energy & Natural Resources, Insolvency & Restructuring, Opportune LLP, Natural gas
    Location:
    USA
    Firm:
    Opportune LLP
    Oil and Gas Industry Seeks Steady Ground Following Year of Restructurings, Restrictive Lending
    2017-01-28

    Crude oil and natural gas prices reached multiyear lows of approximately $26 per barrel for crude oil (as of January 2016) and $1.50 per million British thermal units (mmbtu) for natural gas (as of March 2016). This represented a 75 percent decline in the price of oil from its peak of approximately $105 per barrel in mid-2014 and an 80 percent decline in the price of natural gas from its early 2014 peak of over $8 per mmbtu. At the time, many industry observers predicted that depressed commodity prices would result in numerous bankruptcy filings and an uptick in M&A activity.

    Filed under:
    USA, Energy & Natural Resources, Insolvency & Restructuring, Skadden Arps Slate Meagher & Flom LLP, Bankruptcy, Natural gas, Fossil fuel
    Authors:
    George N. Panagakis , Mark S. Chehi , Ron E. Meisler , Carl T. Tullson
    Location:
    USA
    Firm:
    Skadden Arps Slate Meagher & Flom LLP
    R&I Update: Hot Topics in Oil and Gas Restructurings, Volume 5
    2016-12-14

    Like the wild prairie rose that punctuates the North Dakota plains, the issue of whether a debtor can reject its midstream agreements is back after a brief period of dormancy. In Hot Topics in Oil and Gas Restructurings, Volume 3, we described how the U.S.

    Filed under:
    USA, Energy & Natural Resources, Insolvency & Restructuring, Litigation, McGuireWoods LLP, Natural gas, United States bankruptcy court
    Authors:
    Dion W. Hayes , John H. Thompson , Kyle R. Hosmer , Kathryn Z. Keane
    Location:
    USA
    Firm:
    McGuireWoods LLP

    Pagination

    • Current page 1
    • Page 2
    • Page 3
    • Page 4
    • Page 5
    • Page 6
    • Next page ››
    • Last page Last »
    Home

    Quick Links

    • US Law
    • Headlines
    • Firm Articles
    • Board Committee
    • Member Committee
    • Join
    • Contact Us

    Resources

    • ABI Committee Articles
    • ABI Journal Articles
    • Conferences & Webinars
    • Covid-19
    • Newsletters
    • Publications

    Regions

    • Africa
    • Asia Pacific
    • Europe
    • North Africa/Middle East
    • North America
    • South America

    © 2025 Global Insolvency, All Rights Reserved

    Joining the American Bankruptcy Institute as an international member will provide you with the following benefits at a discounted price:

    • Full access to the Global Insolvency website, containing the latest worldwide insolvency news, a variety of useful information on US Bankruptcy law including Chapter 15, thousands of articles from leading experts and conference materials.
    • The resources of the diverse community of United States bankruptcy professionals who share common business and educational goals.
    • A central resource for networking, as well as insolvency research and education (articles, newsletters, publications, ABI Journal articles, and access to recorded conference presentation and webinars).

    Join now or Try us out for 30 days