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REED SMITH LLP: Future of Fossil Fuels, Part III: Contingency Planning in the Distressed Energy Market

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Friday, November 29, 2024

REED SMITH LLP: Future of Fossil Fuels, Part III: Contingency Planning in the Distressed Energy Market

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Reed Smith LLP recently issued the following announcement.

Part III of our Future of Fossil Fuels series will review the role potential or actual liquidation plays in business decisions, Chapter 7 and 11 Bankruptcy cases and, potentially, national energy policy making in the coal, oil and gas industry.

Speakers: Robert P. Simons Luke A. Sizemore

Event Type: Webinar, CLE / CPD

In part I of our series Assistant Secretary of the Department of Energy, Steven Winberg provided a positive outlook for the Fossil Fuel Industry due to the support of the DOE through various initiatives and programs. In part II we noted that even prior to COVID-19 many coal, oil and gas operations were in financial distress, reviewed the current state of the Fossil Fuels Industry and concluded that many in the Industry must either find ways to weather the storm or face liquidation. Part III of our series will review the role potential or actual liquidation plays in business decisions, Chapter 7 and 11 Bankruptcy cases and, potentially, national energy policy making in the coal, oil and gas industry.

To this this end, Part III will discuss:

Business wind down planning and management of environmental and other liabilities

Bankruptcy Code Section 363 sales and successor liability

Liquidating plans under Chapter 11 of the Bankruptcy Code

Liquidating Trusts

Abandonment of property and surcharges against collateral

Chapter 7, Liquidations

Date: June 04, 2020

Original source can be found here.

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