Energy Restructuring And Creditors’ Rights

Law360, New York (January 29, 2007, 12:00 AM EST) -- The United States District Court for the Southern District of New York issued a significant opinion recently, holding that the Enron bankruptcy court should adjudicate disputes concerning termination payments arising out of terminated Enron contracts. The ruling comes in spite of a provision in the Energy Policy Act of 2005 ("EPAct 2005"), which many thought would require a determination of such issues by the Federal Energy Regulatory Commission ("FERC"). This continuing legal wrangling over the appropriate jurisdictional division between FERC and bankruptcy courts is another example...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.