LXL LLP Energy Handbook 2014
For 2014 we have focused on acquisitions of oil and gas assets.
As every corporate and commercial lawyer will know, assets can either be acquired directly or indirectly by purchase of the entity that owns them. In transactions that are governed by English law, as most international deals are today, the forms of agreement that deal with these are well developed.
But there are always lessons to be learned and specific aspects relevant to the particular deal to be addressed and covered. This point is no more true than in relation to transactions involving oil and gas assets where the nature of the underlying product being acquired and the complex relationships between state, counter-parties and owners have to be carefully borne in mind when drafting the legal documentation.