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Joint Venture Joint Operating Agreement

Hicks Johnson

How Do JOA Exculpatory Clauses Work Under Texas Law? Part Two: The Recent Decision in Bachtell Defines “Activities”

Hicks Johnson on

As discussed in part one of this series, a Joint Operating Agreement’s (JOA) exculpatory clause relieves the designated “operator” from liability for certain conduct or activities. But, as explained by the Texas Supreme Court...more

Manatt, Phelps & Phillips, LLP

[Webinar] Strategic Affiliations: Trends, Tools and Tips for Success - October 12th, 1:00 pm - 2:00 pm ET

How Can You Create and Structure Strategic Affiliations That Advance Your Objectives—and Drive Sustainable Success? Find Out at a New Manatt Webinar... One of the most transformative trends in health care is the...more

Akin Gump Strauss Hauer & Feld LLP

Preparing for a Joint Venture Partner’s Bankruptcy in the Aftermath of COVID-19 and an Oil Price Collapse

As the U.S. energy industry comes to grips with the most dire economic crisis in its history, wrought by an invisible virus and global oil price war, and with many exploration and production (E&P) producers substantially...more

BCLP

Joint Operating Agreements: What have we learned from the High Court’s decision in TAQA v Rockrose

BCLP on

On Friday 17 January 2020, the High Court gave its judgment in the TAQA Bratani v Rockrose case (TAQA Bratani Ltd and others v. RockRose UKCS8 LLC [2020] EWHC 58 (Comm)). In this judgment, the Court held in favour of the...more

A&O Shearman

Oil and gas joint venture parties not bound by good faith or rationality when discharging operator

A&O Shearman on

Parties to an unincorporated oil and gas joint venture were free to act in their individual best interests in deciding whether to discharge another party from its operator role. No duty of good faith or rationality applied:...more

McDermott Will & Emery

Sixth Circuit Decision Affirms Summary Judgment Against Antitrust Challenge to Hospital Joint Operating Company’s Contracting...

McDermott Will & Emery on

A recent decision by the US Court of Appeals for the Sixth Circuit is important for competitors involved in joint ventures because it states what mode of antitrust analysis—the per se rule or the rule of reason—applies to the...more

Bracewell LLP

Obligations of Good Faith in JOAs - The Impact of Recent Decisions on 'Relational Contracts'

Bracewell LLP on

In the international upstream oil and gas exploration and production industry, joint operating agreements (“JOAs”) are the key agreements which govern the terms upon which oil and gas companies regulate their upstream joint...more

A&O Shearman

Injunction protects rights in oil development pending arbitration

A&O Shearman on

A decision to exclude an oilfield joint venture partner from an Operating Committee meeting was a clear breach of an English court interim injunction and thus constituted a contempt of court. The decision shows the English...more

McDermott Will & Emery

Sixth Circuit: “Single-Network” Hospitals Not Exempt from Section One Scrutiny

McDermott Will & Emery on

On March 22, 2016, the U.S. Court of Appeals for the Sixth Circuit allowed a claim to proceed under § 1 of the Sherman Act against four hospitals acting as a single network under a joint operating agreement. Med. Center at...more

Akin Gump Strauss Hauer & Feld LLP

Preparing for a Joint Venture Partner’s Bankruptcy

With the extended collapse in energy prices, many exploration and production (E&P) producers are now focused on not only adjusting their own drilling activities, but also on carefully assessing their partners’ financial...more

Brownstein Hyatt Farber Schreck

The Reformed Health Care Industry: Creative Structures and Alliances Can Yield Great Benefits, but Also Great Risks

Since the Affordable Care Act (the “ACA”) was enacted in 2010, the health care industry has been on the edge of its proverbial seat waiting to see which care delivery models are best suited to sustain all the changes: to...more

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