Insolvency in the UK Oil and Gas Sector: the theory, the reality and how to limit the damage
Past Event | June.14.2016 | 8am - 10am (GMT Standard Time)
Orrick
The painful reality is that a combination of low oil and gas prices and the difficulty of securing ongoing financing is driving a number of UK offshore and onshore players towards insolvency.
Insolvency could affect you - or it could affect your co-venturer and the integrity of your joint venture.
Join us for a breakfast briefing to consider the following issues:
- what 'insolvency' actually means and how to spot the signs
- what the licence says and how the OGA could react when faced with an insolvency
- the rights and the obligations under the JOA which apply in the event of an insolvency
- the effects of an insolvency on decommissioning security
- lenders' and creditors' risks and rights pre and post insolvency
- directors' duties: what to do, what not to do
- short, medium and long term practical steps to protect your position
Practice:
- Energy & Infrastructure Sector
- Infrastructure
- Energy
- Africa
- Mergers & Acquisitions
Rebecca Downes Senior Associate
Londres
Rebecca has significant experience of acting for a broad range of clients including IOCs, financial institutions and project companies on a variety of domestic and international upstream and midstream oil and gas transactions. Recently, she has been advising clients with interests in Africa, South America, Central Asia and the UKCS.