Milbank partner Dennis Dunne leads panel discussions on market trends in the energy sector and E&P bankruptcies
NEW YORK, May 13, 2016 – Milbank Financial Restructuring partner Dennis Dunne moderated back-to-back panels on current issues in the energy sector yesterday at the 18th annual American Bankruptcy Institute’s (ABI) New York City Bankruptcy Conference. In his opening remarks, Mr. Dunne noted that there had been numerous oil & gas-related bankruptcy filings since the beginning of 2015, that Milbank’s Financial Restructuring Group had been involved in more than 30 of these cases, and that there were likely many more oil & gas bankruptcies to come.
The panels went on to explore recent developments on business side of the oil and gas industry, key players and issues in recent chapter 11 cases involving exploration and production (E&P) debtors, E&P valuation issues, the recent Sabine decision relating to the rejection of E&P industry-related contracts, and the negotiation dynamics of E&P cases filed over the past two years, as well as those to come.
The ABI New York City Conference brings together a cross section of insolvency and restructuring thought leaders including business players, judges, bankruptcy attorneys and financial advisors to share ideas on some of the trends and best practices in bankruptcy and restructuring. Speakers across various disciplines addressed topics covering cross-border bankruptcy issues, private-equity sponsors in bankruptcy, bankruptcy litigation, among other topics related to navigating the challenges of today’s insolvency environment.
