Bracewell & Giuliani


Quotes

A Distressed Portfolio Manager
"More of the same, please keep it coming!"

A Restructuring Professional
"I love your blog!"

An Investment Professional
"Your blog looks awesome -
I will read it religiously!"

An Institutional Investment Officer
"Just discovered the Basis Points blog. Love the Crazy Train references and, obviously, the haiku."

From a Senior Managing Director in Singapore
"Thoroughly enjoy Basis Points. Insightful, well written and humorous!"

A Buyside Analyst
"You are insane. I can't wait for my daily fix of the blog (and the haiku more so). It might even become my homepage."

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Points

  1. Distressed Opportunity?

    February 18, 2015

    They say “A pessimist finds a problem in every opportunity and an optimist finds an opportunity in every problem”. The recent sharp downturn in the oil price has certainly hurt many parts of the oil and gas sector – and some of the sectors that go with it – and, let’s be honest, there has been no dearth of pessimists. But with every situation of rapid change there will be winners and losers and in the E&P space now the situation will be no different. One of the intriguing things when you examine the debt markets for independent in the US and EMEA is how little they have in common. Some of you may have read our magnum opus “Reserve Based Finance: A tale of two markets” which looks, some would say in excruciating detail, at the differences between the US and International RBL markets. more…

  2. Restructuring and Insolvency in the United States: overview

    January 26, 2015

    B-I-C Evan Flaschen and Ilia O’Hearn recently co-authored the United States Q&A for Practical Law‘s Restructuring and Insolvency Multi-jurisdictional Guide. For the full Q&A click here.

  3. Chapter 11 Reform or Re-Form? ABI Proposes Wholesale Changes to Bankruptcy Law

    December 8, 2014

    Extra Extra Read All About It. It was a cataclysmic weekend in college football for the Big 12 conference. The college football playoff committee elevated the one-loss Ohio State Buckeyes (Big 10) into the fourth and final slot in the inaugural College Football Playoff, taming a one-loss Baylor Bears (Big 12) sloth and a one-loss TCU Horned Frogs (Big 12) colony in the process. Some naysayers may look to the Big 12’s soft schedules and the absence of a league tiebreaker game as drivers of the committee’s decision. Others may cite to the Buckeyes’ 59-0 drubbing of a Top 20 opponent in Saturday night’s Big 10 championship game as the deciding factor. more…

  4. View All Points »

Poems

Icarus Flies Again

AMR-US
If you fail and fail and fail
Is fourth time the charm?

Suntech

Chinese company
US public bondholders
Welcome to Wuxi

Mariano Rivera

Number 42
Is now 43 years old
Makes Jeter look young

AMR-US

Two troubled airlines
Will merged airline be better?
I prefer the train

Prescription for Recovery

We could use more jobs
And fewer politicians
It is that simple

Wall Street

Bulls, Bears make money
Pigs become hogs, get slaughtered
Wall Street ever thus

Premature Exit

I made a killing
When I sold my Apple shares
…At Eighty-Six, sigh

Dealus Interruptus

Need to settle claim
No one answering my calls
Dog days of Summer

Oakland Athletics

My beloved A’s
Lowest payroll, kicking ass
Who needs Bash Brothers?

Tribune

Plan finally confirmed
Goodbye, Chapter Eleven
No. Appeals? Really?

View All Poems »

People

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Evan D. Flaschen

As Blogger-in-Chief Evan Flaschen approaches his office in his signature Tommy Bahama shirt, shorts and sandals, the classic Ozzy Osbourne song “Crazy Train” is cranked to 11. With a 7-foot giraffe statue peering over one shoulder, a life-size Abe Lincoln cut-out over the other and Bloomberg news on his wall TV, Evan sits in front of his four computer screens, two speakerphones and wireless headset and takes on the restructuring world with a passion and a smile. (more…)

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William A. Wood III

As a fifth generation Texan, Trey Wood has lived through three cycles of oil and gas boom and busts. But perhaps it is his experience of working as a cowboy on a South Texas ranch in his formative years that most informs his current success in representing debtors, creditors, committees and other parties in interest in all facets of the bankruptcy process and out of court restructurings in the oil and gas industry.  (more…)

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Gregory W. Nye

When asked what it is, precisely, he does for a living, Greg Nye responds: “I make the most complex financial structures easy to understand.” Outside the courtroom, Greg likes to pump iron (with minimal observable results). (more…)

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Kurt A. Mayr

While Kurt Mayr successfully cut his legal teeth in the dog-eat-dog world of “Big Law” on Wall Street, he has another side too. Kurt enjoys spending his spare time at his family’s Vermont farmhouse, built in 1763, where he pursues his other passion, woodworking.  (more…)

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Andrew Schoulder

Andrew Schoulder learned he was persuasive at a very early age. When faced with budget cuts for his beloved New York City high school, Andrew successfully led a lobbying effort against then NYC Chancellor of Education, Raymond Cortines, to keep his school intact. This was, in a sense, Andrew’s first foray into dealing with distressed businesses, and the first of many victories. (more…)

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