Distressed Trading & Structured Deals
When counterparties weaken or file for bankruptcy, physical and financial positions can become opaque overnight. The focus is on preserving commercial value while limiting litigation and regulatory risk.
- Assessing exposure across EEI, NAESB, ISDA, PPAs, AMAs, and intermediary structures.
- Analyzing termination, setoff, netting, and close-out mechanics under master agreements.
- Restructuring, novating, or unwinding positions in distressed or default scenarios.
- Coordinating with trading, credit, and risk teams to design executable portfolio strategies.
Bankruptcy Litigation & Dispute Support
Bankruptcy litigation involving energy and commodities contracts requires fluency in both insolvency law and trading documentation. I work alongside litigation counsel to ensure commercial realities are reflected in legal strategy.
- Claims analysis, preference and fraudulent transfer exposure.
- Contract rejection, assumption, and cure disputes.
- Safe-harbor issues involving swaps, forwards, and physical supply contracts.
- Expert support on trading mechanics, valuation, and market structure.
Credit Strategy Before Things Break
Many bankruptcy problems are avoidable with better documentation and earlier action. I advise on proactive credit and structural fixes that reduce downside when markets turn.
- Credit support design and documentation upgrades.
- Margining, collateral, and guaranty structures.
- Early-warning and counterparty deterioration analysis.