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14 Pratt's J. Bankr. L. 1 (2018)

handle is hein.journals/prattjb14 and id is 1 raw text is: Volume 14, Number 1 PRATT'S JOURNAL OF BANKRUPTCY LAW January 2018 EDITOR'S NOTE Pratt's Celebrates the New Year! STEVEN A. MEYEROWITZ* Happy New Year! Welcome to the first issue of Pratt'journal ofBankruptcy Law for 2018! This issue begins with an article discussing oil company bankruptcies. We also have articles covering a U.S. Court of Appeals for the Second Circuit ruling allowing efficient market interest rates for cramdown loans, Bankruptcy Code Section 503(b)(9) and e-commerce, insolvency reform in Brazil, a new legal regime for security agents in debt financings in France, and a U.S. Supreme Court decision on international service of process by mail. Liability in Oil Company Bankruptcies The recent commodity downturn caused many oil and gas operators to file for Chapter 11 to shed excess debt and liabilities built up during the commodity boom, but few operators affirmatively sought to abandon wells as part of the reorganization or sale process. However, there were examples where the dire economic situation forced an exploration and production company to seek to jettison go-forward obligations associated with decommissioning or plugging and abandoning unproductive wells in order to sell its economically viable assets or to provide a definitive conclusion to its Chapter 11 case. In our Steven A. Meyerowitz, a Harvard Law School graduate, is the founder and president of Meyerowitz Communications Inc., a marketing communications consulting company. Mr. Meyerowitz is the Editor-in-Chief of The Banking Law Journal, Pratt fJournal ofBankruptcy Law, Pratt' Energy Law Report, Pratt' Government Contracting Law Report, and Pratt' Privacy &' Cybersecurity Law Report, all published by Lexis. He may be contacted at smeyerowitz@meyerowitzcommunications.com. 1