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Darren Azman is a member of the Firmwide Management Committee and a partner in the Business Restructuring group. Darren’s practice focuses on corporate restructurings, creditors’ rights and distressed acquisitions. His clients include troubled companies, official creditors’ committees, private equity sponsors, financial and strategic purchasers of distressed assets and others in connection with in-court and out-of-court restructurings. Read Darren Azman's full bio.
By Jacob Hollinger and Darren Azman on Jun 1, 2020
Posted In Enforcement Defense, Environmental, Natural Gas, Project Development and Finance, Renewables
Many energy companies may be driven into bankruptcy because of the COVID-19 pandemic. Third parties seeking to purchase those companies’ assets may be concerned about potential successor liability for the seller’s environmental obligations. This article highlights some steps that asset purchasers in bankruptcy can take to reduce the risk of such liability. Successor liability exists...