As the oil and gas industry moves through periods of instability and low commodity prices, it is essential for all parties in interest to understand their rights in the context of a potential restructuring. The linked resources below present readers with an overview of both in- and out-of-court restructurings, with a focus on specific issues that are most relevant in the oil and gas context. From the viewpoint of an energy company facing liquidity pressure, bankruptcy can provide the necessary breathing room to consider its restructuring alternatives. At the same time, creditors must be aware of the tools available to them to best to protect their interests in the face of a restructuring and continued challenging macroeconomic conditions.
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