Justice Scalia’s 37 Contract Drafting Rules [Gaille Energy Blog Issue 16]

  • Posted by scottgaille
  • On January 30, 2016
  • 0 Comments
  • "justice scalia" "canons of construction"
Justice Antonin Scalia and Bryan Garner recently took the stage at the General Counsel’s Forum, entertaining us with anecdotes from Reading Law: The Interpretation of Legal Texts. Justice Scalia asked the audience to define a “nimrod.” One GC stood up and offered “a foolish person.” The Justice pointed out that for several centuries nimrod meant […]
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Zombie Energy Companies [Gaille Energy Blog Issue 14]

  • Posted by scottgaille
  • On January 16, 2016
  • 0 Comments
  • "zombie company" "zombie energy company"
The term “zombie company” describes firms that “are still trading, and so half living, but not able to invest or grow to pay off their debts, which is why they are also considered half dead” (Wikipedia – “Zombie Company”). The oil crash is now minting an army of zombie companies. The typical “zombie energy company” […]
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Seeking Omnivore Investors: Does Investment Specialization Impede the Restructuring of Oil & Gas Debt? [Issue 4]

  • Posted by scottgaille
  • On November 6, 2015
  • 0 Comments
  • Debt Conversion, Restructuring
One of the barriers facing energy companies seeking to restructure their balance sheets is the increasing specialization of their investors and financial institutions. Traditional banks only want to hold low-risk reserves-based loans (RBLs).  Hedge funds and family offices have similarly narrow focuses.  Examples include high yield secured notes, convertible bonds, preferred stock, and common stock […]
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